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Dax under pressure: Biggest price drop since June
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Frank Rumpenhorst / dpa
Investors take money off the table: After the Fed and the ECB continued their rate hikes, the leading indices Dow Jones and Dax came under heavy pressure on Thursday.
On Friday, too, the Dax hardly moved and was still well below the 14,000 point mark.
However, a loss of almost 3 percent is emerging for the stock exchange weeks that are coming to an end.
Investors remain nervous.
The announcement of further significant interest rate hikes by the European Central Bank had brought severe price losses in Europe's stock exchanges the day before.
The Dax had increased the taxes more and more in the afternoon and recently closed 3.3 percent in the red.
It was the biggest one-day loss since June.
Wall Street monetary policy weighed down
The announcement of a surprisingly restrictive future US monetary policy also weighed on the New York stock exchanges on Thursday.
The leading index Dow Jones Industrial lost 2.25 percent to 33,202 points, which intensified the downward momentum.
In the course of trading, it just barely missed the 33,000 point mark, below which it was last listed around five weeks ago.
Mainly losses in Asia
The most important stock markets in Asia tended to be weaker on Friday.
The prospect of further significant rises in key interest rates in the USA also dampened the mood in Asia.
The Japanese Nikkei index closed 1.9 percent lower.
On a weekly basis, this means a minus of 1.3 percent.
China is not going down quite as much on Friday.
The CSI 300 index, which includes the 300 most important Chinese companies on the mainland stock exchanges, was recently up 0.4 percent.
The Hang Seng Index of the Hong Kong Special Administrative Region even shows a slight increase of 0.2 percent.
Bitcoin continues to oscillate around 17,500
The world's best-known digital currency, Bitcoin, was last listed on the Bitstamp trading platform at 17,719 US dollars.
Oil prices fall
Oil prices eased in early trade on Friday.
In the morning, a barrel (159 liters) of the North Sea Brent cost 81.01 US dollars.
That was 20 cents less than the day before.
The price of a barrel of the American West Texas Intermediate (WTI) variety fell by 21 cents to $75.90.
With news agencies
