Enlarge image
Fall in price:
The Dax slips
after the jump in interest rates in the USA
Photo: Frank Rumpenhorst/ DPA
The slide in prices continues: After the sharp increase in interest rates in the USA by the US Federal Reserve, investors in Germany and Europe are withdrawing further.
The
Dax
listed last
almost 2 percent weaker at 13,240 points.
The MDax and EuroStoxx 50 also fell sharply.
On Wednesday, the leading German index closed 1.4 percent up at 13,485 points - but this brief recovery fizzled out again.
Zalando falls to a two-year low
The Zalando share was one of the biggest losers in the Dax with losses of more than 10 percent.
The stock fell to its lowest level in more than 2 years.
Competitor Asos' lowered forecast and a disappointing interim report from Boohoo put considerable pressure on the industry.
Delivery Hero and Hellofresh also each lost more than 5 percent.
All shares in the Dax 40 were listed in the red on Thursday morning.
SMA Solar is displacing Nordex in the TecDax
Index changes moved the shares of the companies affected.
The shares of the wind turbine manufacturer Nordex will be removed from the SDax and the TecDax, giving Nordex the receipt for the delayed submission of quarterly figures.
Bucking the trend, SMA Solar Technology grew by four percent.
In the index of technology stocks, the stocks from the solar technology manufacturer replace those from Nordex.
Relief on Wall Street is short-lived
On Wall Street, investors initially reacted very positively to the Fed's rate hike the night before.
The US Federal Reserve had raised US interest rates by 0.75 percentage points, more than most experts had expected.
It was the largest rate hike since 1994.
The Fed is fighting the highest inflation in 40 years.
Central bank chief
Jerome Powell
(69) is currently trying to balance consistent tightening of monetary policy and calming the markets: "Don't expect 75 basis point hikes to become common," said Powell.
Price gains on the US stock exchanges after interest rate hikes - but futures turn negative
In the USA, the stock markets ended trading significantly higher on Wednesday.
The leading index
Dow
Jones
Industrial
rose by 1 percent to 30,668 points - albeit after five trading days in a row with heavy losses.
In the middle of the week, the Nasdaq
technology exchange went up even more,
with the Nasdaq 100 gaining more than 2 percent.
But by Thursday night, the mood to buy was already over.
The futures for Dow Jones and Nasdaq are now clearly in the red again, which means that both US indices are likely to start trading again with losses on Thursday.
The price rally from the previous day should therefore prove to be a "bull trap", the downward trend on the stock exchanges remains intact.
Nikkei a little tighter
The Tokyo stock exchange was also stronger on Thursday.
The Nikkei index
, which comprises 225 stocks,
was 1.4 percent higher at 26,694 points.
The broader
Topix index
rose 1.3 percent to 1879 points.
The
Shanghai
stock exchange was up 0.2 percent.
The index of major companies in
Shanghai and Shenzhen
gained 0.3 percent.
Bitcoin recovers slightly
The world's best-known digital currency Bitcoin recovered slightly after the heavy losses of the past few days.
On the Bitstamp trading platform, the cyber currency was recently listed almost 3 percent higher at 21,800 US dollars.
Within a week, the cryptocurrency lost almost 30 percent.
Bitcoin hit a record high of $69,000 in November last year.
Oil prices are increasing
Oil prices rose slightly on Thursday after the US Federal Reserve raised interest rates sharply.
In the morning, a barrel (159 liters) of North Sea
Brent
cost US$ 118.91.
That was 40 cents more than the day before.
The price of a barrel of the US
West Texas Intermediate
(WTI) variety rose by 60 cents to $115.91.
With news agencies
