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Closing for 2022: The last trading day of the year on the Frankfurt Stock Exchange is over
Photo: STAFF / REUTERS
The leading German index, the Dax, closed below the 14,000 point mark on the last trading day of the year.
The German stock exchange barometer went down on Friday with very thin trading volumes with a discount of 1.05 percent to 13,923.59 points from the year.
The Dax was thus based on Wall Street, where losses are again indicated.
Calculated over the year, the German stock exchange barometer ultimately lost 12.3 percent and thus recorded the worst stock market year in four years.
In 2021 he had gained almost 16 percent.
"Today marks the end of a stock market year marked by geopolitical crises and a turning point in monetary policy," wrote capital market strategist Jürgen Molnar from RoboMarkets, according to dpa.
And even if the annual loss is disappointing at first glance, "it could have been much worse given all the problems".
Analyst: »The era of cheap money is over«
The European counterpart to the Dax, EuroStoxx50, lost one percent to 3,811.53 points.
The futures for the most important US indices were also in the red in the afternoon Central European Time.
Investors were once again concerned about the monetary policy of the major central banks and the associated risk of a recession.
»The most important finding of the year is: The era of cheap money is over, and forever.
This means financial markets will not look the way we've known them since the subprime crisis," said Ipek Ozkardeskaya, an analyst at Swissquote Bank.
»Recession and inflation will probably continue to dominate the headlines next year.«
The MDax ended Friday's trading day 1.26 percent lower at 25,117.57 points.
For the index of medium-sized stocks, this means a whopping minus of 28.5 percent for the year as a whole.
The trigger for the significant weakness of the stock exchanges in 2022 was Russia's war of aggression in Ukraine.
Energy prices rose rapidly and central banks reacted to the high inflation by increasing interest rates.
ani/dpa/Reuters
