Dax currently: German leading index starts in the minus – 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, fell 0.7 percent to 25,439 points at the start of the new trading week, giving up gains from the previous week. Despite this, it remains above the level of the past two weeks. The Dax had ended the previous week up one percent at 25,623 points, its highest level since mid-September. In contrast, US markets saw significant losses, with the S&P 500 and Nasdaq declining, led by a sell-off in chip stocks on Wall Street.
The price of Brent oil fell nearly two percent to around $108 per barrel in early trade, after reaching a five-month high of $110 on Friday.
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.
