ROUNDUP / Frankfurt Stocks End: Lockdown worries slow down the Dax
The Frankfurt skyline in the afterglow (symbol picture). © jotily / iStock / Getty Images Plus / Getty Images
FRANKFURT (dpa-AFX) – Uncertainty due to the corona pandemic hit investors on the stomach on Friday. After the last six days with ever higher records, the Dax
The Dax fell 0.38 percent to 16 159.97 points, burdened by price slips, especially in cyclical industrial stocks. His weekly plus shrank to 0.4 percent. On Thursday, the leading index topped its almost seven-week rally with 16,290 points. Investors then began taking profits the day before, which has now continued a little.
As market observer Michael Hewson from broker CMC Markets wrote, the pandemic situation in Austria is giving investors a headache. The Alpine country will go into a lockdown again on Monday, which the acting Federal Minister of Health Jens Spahn no longer wanted to rule out in Germany either. BayernLB fears that the upswing in the hardest hit countries could “go into hibernation”. The experts also include Germany.
Against this background, investors switched to stocks of the pandemic winners, including the general tech industry and especially the so-called “stay-at-home stocks”. These include the Dax members Delivery Hero
On the other hand, classic industrial groups such as Volkswagen (VW share) appeared on the losing side.
This then also had an effect on the MDax
There were also particularly large losses in the banking sector: the shares in Deutsche Bank
The EuroStoxx 50 sank on the European stage
HSBC Trinkaus & Burkhardt AG
Bonds were in demand as a safe haven in the wake of the flaming corona fear. While the opposite current yield fell from minus 0.37 percent the previous day to minus 0.43 percent, the bond index Rex rose
— By Timo Hausdorf, dpa-AFX —
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