Dax under pressure on the holiday

2023-10-03T07:51:32.208Z

Highlights: The Dax lost 0.44 percent to 15,179.50 points. The MDax fell by 0.60 percent to 25,619.16 points. Eurozone benchmark index EuroStoxx 50 was down half a percent. The high bond yields are linked to ongoing inflation concerns and the need to keep interest rates high for longer. A solid ISM report for U.S. industry helped on Monday by signaling a robust state of the economy. Investors assume that this still gives the US Federal Reserve room for further high interest rates.

Status: 03.10.2023, 09:38 a.m.

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The Dax is the most important stock index in Germany. © picture alliance / dpa

On the Day of German Unity, the Dax continues its weak start to the week. While rising yields are steadily making bonds more attractive, investor interest in equities continues to decline.

Frankfurt/Main - The Dax lost 0.44 percent to 15,179.50 points. The leading index thus headed for its lowest level since March, which was reached a few days ago at 15,138 points. The MDax fell by 0.60 percent to 25,619.16 points. The Eurozone benchmark index EuroStoxx 50 was down half a percent.

According to Commerzbank, the high bond yields are linked to ongoing inflation concerns and the need to keep interest rates high for longer. A solid ISM report for U.S. industry helped on Monday by signaling a robust state of the U.S. economy. Investors assume that this still gives the US Federal Reserve room for further high interest rates. Dpa

Source: merkur

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