Dax currently: German leading index in the red at noon – oil price in focus
Last week, the Dax still seemed unaffected by the sell-off in chip stocks overseas. However, it is now also turning negative. The fluctuating oil price is making investors uncertain.
The German stock market index, Dax, has fallen by 1.3% to 25,304 points, losing over 300 points from Friday's close. This decline follows a 1% gain last week, when the index reached its highest level since mid-September at 25,623 points. In contrast, US markets, including the S&P 500 and Nasdaq, experienced significant losses, particularly in the chip sector.
The oil price has also dropped, with Brent crude falling by nearly 2% to around $108 per barrel, after US President Donald Trump announced that he would not impose sanctions on Russia.
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.
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