Price fall in the Dax continues, cryptocurrency Bitcoin below 20,000 US dollars

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Trader on the stock exchange:

The Dax finds no footing

Photo: REUTERS/Ralph Orlowski

  According to calculations by banks and brokerage houses, the

will start lower on Monday .

On Friday, the leading German index was still slightly recovered from trading.

But negative US futures and losses in Asia ensure that the Dax should fall back towards 13,000 points on Monday morning.

The elections in France are also having a negative impact on Europe's stock exchanges.

On a weekly basis, the Dax remained down 4.6 percent.

This puts the Dax through its weakest week since the Corona crash in March 2020.

The US stock exchanges closed on Friday inconsistently: The Dow Jones index lost 0.1 percent, the Nasdaq, however, advanced by 1.4 percent and the S&P 500 by 0.2 percent.

No trading Monday on Wall Street

According to experts, fears of recession will continue to shape stock market sentiment in the new week.

One negative factor is the sharp interest rate hikes by the US Federal Reserve.

However, Wall Street will remain closed at the start of the week for a holiday.

Habeck outlines gas emergency plans

The gas supply volumes from Russia, which have been falling for a few days, are also causing uncertainty.

Economics Minister Robert Habeck now wants to secure the German gas supply with new emergency measures.

The parliamentary elections in France should also be a topic of conversation.

President Emmanuel Macron's camp clearly lost its absolute majority in the National Assembly just a few weeks after the 44-year-old was re-elected.

This will make it more difficult for Macron, who is also committed to greater European integration, to implement his plans in the future.

Fear of recession weighs on stock exchanges in Asia

The fear of recession does not let go of the stock exchanges in Asia at the beginning of the week.

Rising inflation and global central banks raising interest rates are fueling investor concerns about an economic downturn.

"Right now, it's hard to see a trend reversal unless we see signs of a material reduction in inflationary pressures," said Rodrigo Catril, an analyst at NAB.

Relief seems unlikely given UK inflation numbers expected this week.

The anticipated high rate of inflation could force the Bank of England to raise interest rates more quickly.

index, which comprises 225 values,

was 1.3 percent lower at 25,626 points.

The broader Topix index fell 1.4 percent to 1810 points.

The Shanghai stock exchange was down 0.3 percent.

The index of major companies in Shanghai and Shenzhen gained 0.2 percent.

Dow Jones and Nasdaq mixed

On Wall Street, the Dow Jones continued to fall on Friday, while the Nasdaq 100 attempted a recovery.

There will be no trading in the US on Monday due to a holiday.

Bitcoin continues to hover around the $20,000 mark

The world's best-known digital currency, Bitcoin, continues to fluctuate around the $20,000 mark, its 18-month low.

Over the weekend, the cryptocurrency temporarily fell by 9 percent and fell to $ 18,500, but then recovered somewhat in the evening.

Most recently, Bitcoin was at 19,800 US dollars and thus below the psychologically important mark.

Oil prices hardly changed

At the beginning of the week, oil prices hardly moved at all.

There were initially no strong impulses on Monday morning.

A barrel (159 liters) of North Sea Brent cost $113.07 in early trading.

That was five cents less than on Friday.

The price of a barrel of US West Texas Intermediate (WTI) grade also fell slightly to $109.42.

Oil prices have been at a high level for weeks because of the Ukraine war.

Recently, however, they have tended to fall.

The main reason is economic fears, triggered by rising interest rates worldwide.

The struggle of many central banks against high inflation brings with it recession concerns.

Should the global economy actually cool down sharply, the consumption of crude oil, petrol and diesel should also drop significantly.

Such scenarios weigh on oil prices.

With news agencies