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Equity market: Dax sags significantly


The first politicians are expecting significant restrictions from January. Investors' fear of a renewed standstill in the economy is noticeable on the stock markets: the Dax is losing significantly.

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Stock exchange in Frankfurt am Main


On the German stock market, investors apparently fear a new lockdown.

The leading index Dax had meanwhile dropped by around three percent on Monday and lost almost two percent to 15,227 points by the early afternoon.

The MDax of the medium-sized stock market values ​​fell by 1.55 percent to 33,926 points.

The leading Eurozone index EuroStoxx 50 lost 1.4 percent.

The Green health politician Janosch Dahmen brought a lockdown after the holidays into play because of the spread of the new Omikron variant of the corona virus.

“We have to get ahead of the omicron wave with our measures.

Our actions today will determine tomorrow's pandemic situation, "he told the dpa news agency.

His party colleague, Vice Chancellor Robert Habeck, however, does not consider a complete lockdown to be necessary.

more on the subject

Proposal for a resolution: The federal and state governments are considering contact restrictions for those who have been vaccinated and those who have recovered

"The word of lockdown is making the rounds again," wrote Jürgen Molnar, capital market strategist at the trading house Robomarkets.

"The Netherlands is already in lockdown, and it could be so far after Christmas in Germany as well." Investors' fear of a renewed standstill in large parts of the economy is increasing again and is sending stock exchanges around the world downhill.

Because of Omikron, there was no sign of the pre-Christmas calm this year on the stock market either, the year-end rally seems to have finally ended.

However, experts also referred to good news that would have at least somewhat contained the deficit on the markets.

A booster dose with the vaccine from Moderna significantly increases the body's immune defense against Omikron, according to the manufacturer.

Airline stocks particularly hard hit

The nonetheless worrying expansion of the Omikron variant was a major concern among investors in aviation stocks. The Lufthansa papers sagged by almost four percent. Shares in the airport operator Fraport fell by around two percent. Investors are very concerned that Great Britain is now considered a corona virus variant area in Germany. This means that entry into Germany is only possible with severe restrictions.

Investors also looked towards the US with concern.

The Democratic Senator Joe Manchin had announced that he could not agree to a billion dollar social and climate package.

It is now unclear whether the president's prestige project can still be saved.

Republicans hailed the blockade of the more conservative Democrat Manchin.

His party colleagues reacted indignantly.

The White House accused the West Virginia senator of breaking his word.

In doing so, investors avoided stocks from the renewable energy sector.

The shares of Siemens Energy lost about 3.7 percent and the shares of the wind turbine manufacturer Nordex lost 5.5 percent.

hej / dpa

Source: spiegel

All business articles on 2021-12-20

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