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Frankfurt shares opening: Dax recovery quickly runs out of air

Monday, 01/10/2022 09:31 AM from

dpa-AFX

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The bull in front of the Frankfurt Stock Exchange. pixabay.com

FRANKFURT (dpa-AFX) – After two weak trading days, the German stock market remained under pressure on Monday morning. The Dax made a positive start and surpassed the 16,000 mark, but the momentum was quickly lost. A few minutes after the start it was 0.16 percent in the red at 15,922.34 points. The MDax after a stable start recently lost a good half a percent to 34,785.74 points.

In the middle of the previous week, the Dax was still up to five points at its record high of 16,285 points, but then slipped significantly for two days due to renewed interest rate fears. According to market analyst Michael Hewson from broker CMC Markets UK, the previous week had two faces with initial enthusiasm and subsequent worries that the US Federal Reserve might have to counteract the high inflation more clearly than previously thought.

The market strategists at Credit Suisse advise you to weight stocks neutrally in your portfolio because of the interest rate and pandemic risks. There should be new impressions for investors in the course of the week from inflation data from the USA – and the beginning of the reporting season. According to the experts at the major Swiss bank, stocks continue to offer upside potential in anticipation of robust global growth over the next six months. / Tih / mis

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