The German stock index Dax, in the the thirty most important German share values are bundled, fell to a Two-year Low. Stock market observers suspect that it will go further down.
A black trading week on the German stock market has ended with the recurrence of losses. After the stabilization of the previous day,the Dax lost on Friday a further 0.94 percent to 11,200. 62 points. So low, the benchmark had listed last in December 2016. In the course of the week, the Dax slipped by three percent.
“It was a brutal week in the markets, the global shares has shaken the weakness of the confidence of investors,” said Analyst David Madden from the Broker CMC Markets. As in the past few weeks, the fear of rising US would have shattered on Friday-interest rates and current trade disputes, the confidence of the investors.
Disappointing US Figures
The renewed wave of selling on the European markets has also been the disappointing quarter results of big American companies to fire. In addition, the dispute with the Italian financial investors ready for more headaches, said investment strategist Miraji Othmann by the Bank. “Currently, everything comes together easily and makes people pessimistic.”
In the US stock market Amazon shares plunged by more than ten percent and were headed for the biggest one-day loss in four and a half years. The Online retailer took a cautious approach to the important Christmas business.
In the case of the Google mother-Alphabet, the revenue growth fell short of expectations. Your title fell by up to 5.6 percent to a Six-month Low of 1042,23 dollars. In the Wake of these two U.S. technology stocks in the European sector index fell 0.7 percent.
Poor Numbers, the Europeans could also
In the Dax, BASF counted because of a drop in profits of the biggest losers. The shares of the chemical company fell temporarily to a Two and a half-year Low of 64,33 euros and 0.3 per cent, adopted in the Minus 66,45 Euro into the weekend. On the Basis of the Figures provided, the total annual objectives be in danger, said Analyst Markus Mayer of the Baader Helvea Bank.
In London, the papers of Rolls-Royce from drop temporarily by 14 percent. This is the biggest slide in three years. Due to production problems of the supplier to be able to aircraft in the current year, not-so-many-engines to deliver the type Trent 7000 as planned.
The also brought Airbus-shares Falter, lost 2.3 percent. The aircraft manufacturer, the fights, even with shipping delays, used these engines in its sources of revenue and the A330neo.
dk/uh (dpa, rtr)