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Nervousness among investors sent the Dax down further on Monday
For fear of drastic interest rate hikes by the US Federal Reserve and a further escalation of the Ukraine crisis, more and more investors are fleeing the stock markets. Dax and EuroStoxx50 increased their losses on Friday and in the meantime each fell by more than two percent. They were heading for their biggest one-day losses since late November, when the omicron variant of the coronavirus rattled stock markets. Robert Halver from Baader Bank saw light at the end of the tunnel on Monday: “We have uncertainties: interest rate turnaround, Omicron, Ukraine, the economy, what are the high-tech stocks doing? And at the moment we do not see the end of this uncertainty. The stock market needs clarity. But, we are approaching this clarity and I stand by it: Even a US Federal Reserve Chairman Powel will never weaken the stock markets so much here. Because if he weakens them, they collapse. And then afterwards he has to raise interest rates again reduce.” And: If a conflict takes place on the doorstep, as in Ukraine, it is never good for the stock markets. “But the problem is also that the West doesn’t make a bella figura, it doesn’t appear together, strongly, which used to be the case. And what’s also quite clear is that the Americans aren’t making any clear announcements, including towards Russia. It So there is a lack of clarity everywhere.Recent developments: volatility indices, which measure the nervousness of investors, have meanwhile risen by up to 21 percent.The Dax initially fell by almost two percent to 15,313 points.
“We have uncertainties: interest rate turnaround, Omicron, Ukraine, the economy. And at the moment we do not see an end to this uncertainty,” says Robert Halver from Baader Bank.