Market Insight: The Dax has almost exhausted its room for losses - things could soon become uncomfortable
On Friday, the German stock market erased all of the week's gains. Handelsblatt editor Andreas Neuhaus explains which marks are now important.
The German stock market had a poor week, with the Dax index falling for the third consecutive week. On Friday, it lost 1.6% to close at 25,304 points, its lowest level since late July, after failing to hold onto gains made earlier in the week. The decline was triggered by higher-than-expected German producer prices, which rose due to high energy costs.
If the Dax falls below the key chart technical level of 25,300 points, it may lead to further decline, with some analysts warning that the market environment has deteriorated due to rising interest rates.
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.