Stock markets

Dax slipping under the 9,000 points

The sell-off in equity markets goes at a breathtaking pace. On Monday happened to the leading index, the Dax, a new psychologically important mark on his way down. The prospects remain bleak.

The German stock index Dax for the first Time since one and a half years under the brand of 9000 points fell. The ongoing Concerns from a global economic downturn could be the German leading index on Monday to more than three percent slipping.

For months the stock market under pressure. The old year had the Dow still in good 10.700 points finished. Since then, it went almost completely down. The main reasons are the Oil-price decline and poor economic data especially from China. In addition, recently, the Euro is again somewhat strengthened, making the Export more difficult.

The Dax fell until the early afternoon by 3.09 per cent to 8999,41 points. The Minus in the leading index adds up in 2016, now already in more than 16 percent. How far it down goes, in the experts are at odds.

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Investors pessimistic

Jochen Stanzl from CMC Markets holds a further Dax decline of up to 8300 points in the coming weeks for possible. According to a survey conducted by the research Institute Sentix, the investor sentiment in the Euro area in February to the lowest level since the start of 2015 has fallen.

In the face of many negative aspects, there is currently hardly selling points, said dealer Andreas Lipkow by Kliegel & Hafner. This buyers ‘ strike would then lead to additional pressure because of the Downward trend always continues to accelerate and just the most computerized trading programs reacted to them.

Also, the price of Oil makes you Worry

In the rest of Europe it was similar: The Euro STOXX 50, the leading index of the Euro zone, lost about three per cent. Especially sharply it hit the technology companies. The shares of the semi-conductor group Infineon lost more than five percent. The Technologiewerte Index TecDax lost four and a half percent. The papers of Deutsche Bank and Commerzbank was around five and seven percent. The European banking Index slipped due to the fear of investors before a Pleitewelle in the industry by up to 4.1 percent.

Many observers do not only the fear of a global economic downturn for the stock market turmoil, but also the renewed Oil-price decline. In the commodity markets is diminishing the hope of an imminent slowdown of the global flow. That pushed the price for a Barrel of trend-setting crude oil grade Brent from the North sea on Monday by 2.4 percent on 33,21 dollars per barrel. The US light oil WTI recorded with 29,83 dollars per Barrel by 3.4 per cent weaker.

who/uh (dpa, afp, rtrd)