Frankfurt Stock Exchange
Dax almost unchanged – support strong US stock exchanges
A stock trader on the floor of the Frankfurt Stock Exchange – the market is currently susceptible to fluctuations (archive image). Photo: Arne Dedert/dpa
© dpa-infocom GmbH
The Dax closed on Tuesday just below its previous day’s level and thus significantly reduced its daily losses. The leading German index received support primarily from the US stock exchanges, which rose sharply in view of the further noticeable decline in oil prices.
The Dax closed on Tuesday just below its previous day’s level and thus significantly reduced its daily losses. The leading German index received support primarily from the US stock exchanges, which rose sharply in view of the further noticeable decline in oil prices.
The leading German index went out of business with a small minus of 0.09 percent to 13,917.27 points. The MDax lost 0.56 percent to 30,354.02 points. In the USA, the Dow Jones Industrial rose by 1.4 percent and the technology-heavy Nasdaq even by around 2.5 percent.
The war in Ukraine remains a burden for Europe’s stock exchanges and thus also for the Dax. It should continue to cause strong price fluctuations. But investors’ cautious hopes for an imminent ceasefire and peace still prevail as negotiations between Russia and Ukraine continue. However, its outcome is unclear.