Stock exchange in Frankfurt: Dax weekly profit gone - many uncertainties

The significant price slide on Friday cost the Dax its weekly profit.

Stock exchange in Frankfurt: Dax weekly profit gone - many uncertainties

The significant price slide on Friday cost the Dax its weekly profit. After a cautious start, the leading German index extended its decline and closed 1.55 percent lower at 15,186.66 points, meaning that it fell by 0.3 percent over the week. The MDax for medium-sized companies fell by 1.32 percent to 24,956.39 points on Friday.

Because of a “cocktail of uncertainty, consisting of inflation and interest rate concerns as well as geopolitical risk factors,” investors took cover, wrote analyst Timo Emden. Even if the stock markets have recently reacted little to the latest developments in the Middle East conflict, it continues to “hang over the heads of investors like a sword of Damocles”.

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