Market Insight: September confirms its reputation as a month of fear on the stock exchange
Two of the three traditionally weak stock market months have come and gone for the German stock market. That could now change, explains Handelsblatt editor Andreas Neuhaus.
The German stock market index Dax has lost 2.6 percent of its value since the beginning of September. The index had previously reached a record high of 26,619 points in August, but has been declining this month, with losses reaching 3.4 percent at one point. The situation in the energy market, including a reported projectile hitting a ship in the Strait of Hormuz and Saudi Arabia's temporary shutdown of a major pipeline, has driven up energy prices and increased expectations of higher interest rates.
This has put pressure on the stock market, but historically, most Dax declines in September have been followed by opportunities for investors to buy in.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Market Insight: Difficult months ahead for Dax investors handelsblatt.com
