Status: 13.10.2023, 18:09 PM
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The Dax is the most important stock index in Germany. © picture alliance / dpa
The significant price slide on Friday cost the Dax its weekly gain. After a subdued start, the German benchmark index extended its minus and closed 1.55 percent lower at 15,186.66 points, down 0.3 percent for the week. The MDax of medium-sized companies fell by 1.32 percent to 24,956.39 points on Friday.
Frankfurt/Main - Due to a "cocktail of uncertainty, consisting of inflation and interest rate concerns as well as geopolitical risk factors", investors have taken cover, wrote analyst Timo Emden. Even though the stock markets have recently reacted little to the latest developments in the Middle East conflict, it "continues to hover over the heads of investors like a sword of Damocles". Dpa