Above all, the tough stance of the US Federal Reserve Bank on inflation is a heavy burden for the markets from an investor's point of view, wrote analyst Pierre Veyret from broker ActivTrades. Because the prospect of sharply rising interest rates is accompanied by increasing evidence of an economic slowdown. New lockdowns in China would now make matters worse.
Stock exchange in Frankfurt: Dax failed start in September stock market month
The Dax is still in the red and fell to its lowest level since mid-July on Thursday.