Of the DAX fell by 0.36 percent to 13,624.92 points at the opening and is now significantly expanding its losses. At times it slipped below the 13,500 point mark. Of the TecDAX lost 0.51 percent to 2,984.82 points at the start of trading and is now also deep red.
At the start of the new week, given the continued weakness of the US stock market on Friday, falling prices can be seen again. In addition, the celebrations for the “Day of Victory” over Hitler’s Germany in Moscow and the new sanctions against Russia are causing tension among investors.
“The new week begins as the old week ended. The stock market traders continue to see red,” said market observer Thomas Altmann from QC Partners to dpa-AFX. “We have risks everywhere at the moment. It’s difficult to look positively into the future.”
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Of the Euro STOXX 50 fell by 0.3 percent to 3,618.45 points at the start and then increased its significant minus.
At the beginning of the week, in addition to Vladimir Putin’s speech, the publication of the Sentix economic sentiment is the focus of investors’ attention. Of the Sentix business index fell in May for the third time in a row and to the lowest level since the end of the first corona wave. The indicator provides information about the state of the economy and is one of the earliest mood data in the respective month.
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Of the Dow Jones opened trading with a minus of 0.65 percent at 32,685.17 points, then it goes even deeper down into the loss zone. Of the NASDAQ Composite also started 1.82 percent lower at 11,923.03 points and continues to keep the red sign.
Speculations on Monday caused discounts that China’s strict measures in the fight against the corona pandemic are burdening the economy and growth in the People’s Republic. In addition, the threat of interest rate hikes remains in the back of investors’ minds. The short-term outlook for equities “is still chaotic and there could be more downside as markets worry about a significant economic slowdown or ‘hard landing’ and aggressive rate hikes,” AMP Investments economist Diana Mousina told Deutsche press agency.
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Of the Nikkei fell 2.53 percent to 26,319.34 points by the close.
In mainland China, the Shanghai Composite however, with a minimal gain of 0.09 percent at 3,004.14 points from trading. Trading was suspended in Hong Kong on Monday hang seng remained at Friday’s close of 20,001.96 units.
Concerns about a recession caused investors to withdraw from shares, traders said, according to dpa-AFX.
In China, meanwhile, export growth fell to its lowest level in two years in April. Imports remained unchanged with zero growth. However, the values were somewhat better than experts had expected.
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