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Weekly review: German stock exchanges fall - investors more cautious after US rating downgrade
According to a report by 4investors.de, German stock exchanges suffered losses last week. After a positive start, prices have continued to decline. The downgrade of the USA's credit rating by the rating agency Fitch as well as mixed quarterly figures and weaker economic data have led to increasing economic concerns. The DAX lost 3.1 percent, the MDAX 2.2 percent and the TecDAX 3.6 percent. The largest weekly losses were recorded by Infineon with a discount of 12.5 percent. Siemens Healthineers and Telefonica Deutschland also suffered heavy losses. Prices have also fallen on the German bond markets. The assumption that the US Federal Reserve will still...
Weekly review: German stock exchanges fall - investors more cautious after US rating downgrade
According to a report by 4investors.de, German stock exchanges suffered losses last week. After a positive start, prices have continued to decline. The downgrade of the USA's credit rating by the rating agency Fitch as well as mixed quarterly figures and weaker economic data have led to increasing economic concerns. The DAX lost 3.1 percent, the MDAX 2.2 percent and the TecDAX 3.6 percent. The largest weekly losses were recorded by Infineon with a discount of 12.5 percent. Siemens Healthineers and Telefonica Deutschland also suffered heavy losses.
Prices have also fallen on the German bond markets. The assumption that the US Federal Reserve has not yet completed its interest rate hikes has caused yields on German federal bonds to rise.
In the USA, the stock markets also recorded losses. The Dow Jones index fell by 1.1 percent, the S&P 500 index by 2.3 percent and the Nasdaq 100 index by 3.0 percent.
Observers are cautious about the coming week and expect continued pressure on prices. The development of monetary policy and economic development are viewed as decisive factors. The price data due to be published could trigger speculation about interest rate hikes by the US Federal Reserve and the European Central Bank. Economic data and reporting season will also be interesting to get an idea of economic developments.
Source: According to a report by www.4investors.de
Read the source article at www.4investors.de