Stock exchange in Frankfurt: Dax reduces losses

The German leading index Dax fell on Tuesday, but reduced its initial losses by midday.

Stock exchange in Frankfurt: Dax reduces losses

The German leading index Dax fell on Tuesday, but reduced its initial losses by midday. It was last down 0.24 percent at 13,908.96 points. The MDax of medium-sized stocks lost 0.57 percent to 24,880.16 points. The Eurozone leading index EuroStoxx 50 was only 0.1 percent lower than at the end of the previous day.

After the US Federal Reserve and the European Central Bank (ECB), the Bank of Japan missed the courses the next setback. The central bank of Japan decided on Tuesday to ease the range in which the long-term bond yield moves. The markets saw this as the first step towards at least a slight tightening of the monetary policy reins.

In the previous week, the Fed and the ECB had already encouraged market participants to sell with the prospect of interest rates rising for a long time to come.

Bank shares continued to gain momentum on Tuesday, while pressure on real estate values ​​increased. Deutsche Bank gained more than three percent and Commerzbank almost six percent. Vonovia lost around two percent and Aroundtown almost eight percent.

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