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“Investors experience a stock market revaluation”

Dax curve

The main German index is trending down this year, despite the recent recovery.

(Photo: Bloomberg Creative / Getty Images [M])

Dusseldorf On the German stock market, the new trading week starts as the previous one ended: with high losses. The Dax slipped 2.1% or the equivalent of 290 points in the morning and is quoted at 13,473 points.

From Wednesday to Friday last week, downward momentum has steadily increased and the stock market barometer closed at a daily low on each of these three days. On Friday, the Dax closed at 13,762 points.

According to after-hour quotes, Germany’s leading index survived the drop in US stock prices in the last trading hour on Friday, but the sell-off on Asian exchanges on Monday is having a significant impact on prices.

For Thomas Altmann of investment house QC Partner, investors are “experiencing a stock market reassessment in view of ever-rising interest rate expectations.” Rising interest rates have a direct impact on corporate profits and are becoming increasingly competitive for stocks.

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