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The DAX started the new week with an increase of 0.38 percent at 10,948.24 points and was initially able to stay on green ground. But in the course of trading, profits crumbled and sales dominated. It closed 0.73 percent lower at 10,824.99 meters.
In the course of the trade, the concern about a new wave of infections was overlaid by the joy of further easing in the corona crisis.
According to Milan Cutkovic, market expert at Axitrader, it is, among other things, the slight increase in the number of infections in Germany and South Korea that led to reluctance among investors: “If the number of reproductions continues to increase, the strategy could be adjusted.” Instead of new easing, new restrictions could follow. The risks remained omnipresent and the stock exchanges could switch back to panic mode just as quickly.
Mark Haefele, chief investment strategist at UBS’s Global Wealth Management division, said: “It is too early to say that we are at our worst.” As economies continued to open, investors were concerned about whether a significant threat from a second wave of infection could be prevented.
Editorial office finanzen.net / dpa-AFX
Image sources: Julian Mezger for Finanz Verlag