The stock index starts down – the decline in the stock market continues

On Friday, the Dax exited trading with the largest daily loss in six weeks – and at the start of the week it doesn’t look much better: fear of rising interest rates is causing investors to flee.

The Dax DAX index It slipped below the 14,000 mark on Monday due to growing concerns about interest rates and the economy. The main German index fell to 13,870 points before stabilizing slightly. Most recently, it lost 1.59% to 13,917.73 points.

Other indices followed with obvious losses: the MDax MDAX index lost 1.31% to 30,398.07 points and the eurozone leading index EuroStoxx EuroStoxx50 index it fell by 1.8 percent. The re-election of French President Emmanuel Macron didn’t help stock prices on Monday.

The fear of a rapid rise in key interest rates in the United States and possibly even higher interest rates in the euro zone is firmly in control of the markets. Combined with high inflation, the war in Ukraine, stressed supply chains and the worsening of the crown situation in China, there are concerns about a recession. In the morning, the focus is on the Ifo economic climate in Germany, which economists say should have clouded again.

Prices are soaring and are a burden on consumers and businesses if they can’t pass on the higher costs, as Dekabank states in an Ifo outlook. “At the same time we are seeing the first signs of non-delivery due to the war and sanctions.”

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