Price slide in the Dax: The German share index lost more than 3 percent on Monday and, according to chart technology, slipped below the 50-day line
Photo: Frank Rumpenhorst / dpa
Price slide on the stock exchange: The Dax collapsed on Monday as investors fear a new lockdown in Europe.
In the early afternoon, the German benchmark index was listed at 12,680 points and thus lost 3.4 percent compared to the closing price on Friday.
The leading Eurozone index EuroStoxx 50 also fell significantly, the MDax fell by 3.1 percent.
The shares of Deutsche Bank and MTU were among the biggest losers in the Dax, each losing between 6 and 8 percent in value.
With its very weak start to the week, the Dax
has slipped below its 50-day line and the short-term upward trend since mid-June
After the buyers were unable to take over the helm again at 12,886 points, according to the UBS chart experts, the Dax is slipping to the next interim low at 12,633 points at the end of August.
Below that it would go towards 12,500 points.
A higher-level correction, i.e. further price losses, can therefore be expected in the "big picture".
In the US, US futures are signaling significant losses at the start of trading for both the Dow Jones and the Nasdaq Composite tech index.
Investors flee from aviation and tourism - IAG shares at record low
Investors are also fleeing aviation and tourism stocks for fear of tightening travel restrictions.
The European industry index fell by almost 4 percent in the morning.
The airline group IAG, which includes Iberia and British Airways, came in last.
Its shares plummeted by more than 12 percent and at 97 pence in London they were cheaper than ever since it was founded in 2011. The British government is considering new pandemic restrictions due to rising corona infection rates.
In the Dax there were almost only losers on Monday.
The shares of the engine manufacturer MTU, which are considered to be very cyclical, fell by a good 5 percent.
At the end of the index, Deutsche Bank's paper slumped by almost 6 percent.
The sector also suffered severe losses across Europe.
According to research by the international journalist network ICIJ, there are still considerable deficits in the fight against international money laundering.
When asked on Sunday, Germany's largest financial institution said that the ICIJ had reported on a number of historical topics.
As far as they concern Deutsche Bank, these are known to the supervisory authorities.
The topics have been examined and agreements have been reached with the authorities.
The only Dax value in the plus was the shares of Delivery Hero, which gained 0.8 percent.
Dispute with O2 causes Drillisch shares to collapse by a quarter
The dispute over the cost of using Telefónica Deutschland's (O2) mobile network by competitor 1 & 1 Drillisch caused the shares of 1 & 1 Drillisch to collapse by more than a quarter.
The shares of the parent company United Internet recorded losses of a similar magnitude.
1 & 1 and United Internet accuse the subsidiary of the Spanish group Telefónica of having significantly increased the costs for using the mobile network from July before the ongoing negotiations were concluded.
Telefónica Deutschland rejects the allegation and sees the price increase covered by contracts and agreements.
Since 1 & 1 and United Internet apparently did not expect the price increase, both companies had to lower the forecast for the operating result in the current year on Saturday.
They also see the risk of further declines in profits in the coming years.
The shares of Telefónica Deutschland were recently more than 2 percent in the red.
HSBC shares at financial crisis lows
In Asia, the major stock markets lost ground on Monday.
They followed the US trend from the end of last week - with the exception of Japan, where the stock exchanges were closed for a holiday.
The volatile CSI 300 with the 300 most important stocks on the Chinese mainland stock exchanges fell 0.8 percent.
In the Chinese special administrative region of Hong Kong, the Hang Seng index plummeted by 1.5 percent.
Here, losses in the price of the HSBC share, in particular, had a negative impact, which, amid reports of money laundering allegations and worries about expansion in China, temporarily lost more than 4 percent and thus slipped below 300 British pence for the first time since March 2009.
During the financial crisis at the time, the share price only fell so low for a short time and recovered quickly - just as it did in October 1998 when the LTCM hedge fund crashed.
Apart from these brief episodes, the price was last so low in July 1996.
The political stalemate in the dispute over the Corona stimulus package brought Wall Street losses on Friday.
Stockbrokers also cited the renewed concerns about a further deterioration in relations between the US and China as a burden.
The most important indices were each around one percent lower from trading.
The Dow Jones fell 0.88 percent to 27,657.42 points.
On a weekly basis, the world's best-known stock index thus stood still.
The market-wide S&P 500 lost 1.12 percent to 3319.47 points.
For the technology-heavy Nasdaq it went down 1.30 percent to 10,936.98 points.
Dax, Dow and stocks at a glance:
Dax, Dow and stocks at a glance:
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holds up above US dollar
After a strong start, the euro fell again.
On Monday morning, the common currency cost 1.1827 US dollars, a little less than on Friday evening.
The European Central Bank (ECB) had set the reference rate on Friday afternoon at 1.1833 dollars.
Oil prices are falling slightly
Oil prices started the new trading week on Monday at a discount.
In the morning, a barrel (159 liters) of North Sea Brent cost 42.09 US dollars.
That was a dollar less than on Friday.
The price of a barrel of the US West Texas Intermediate (WTI) variety fell 92 cents to $ 40.08.
akn / ak / dpa-afx / Reuters