Dax shock continues - the German leading index falls on 12.420 points

The Dax fell in early trading 2.7 percent on 12.441 points. Since the first in mid-February, reaching a record high of 13.795 counters, the Minus adds up to mor

Dax shock continues - the German leading index falls on 12.420 points

The Dax fell in early trading 2.7 percent on 12.441 points. Since the first in mid-February, reaching a record high of 13.795 counters, the Minus adds up to more than 1,100 points. Thus, the Dax fell well under the 200-day line at 12.638 points. It is considered to be an indicator of the longer-term Trend, and traders a great deal of attention. The last time the Dax at the end of August 2019 traded under this line. DAX 12.593,60 PTS. -196,89 (-1,54%) Xetra

  • 1 day
  • 6 months
fell To the price data for The MDax of the medium-sized German stock-market value mid-week, 1.6 percent on 26.871,55 points. The value of the Euro STOXX 50 as Leitbarometer of the Eurozone by a good half a percent, which was slightly better.

In New York, had gone to the classes on Tuesday once again on a downward slide and the stock markets in Asia reported on Wednesday also losses. In Germany there are more infections with the Virus, and in Brazil the first case was known. In Europe, especially hard-hit Italy fears the virus crisis, the fall in the recession.

Dax in the focus of analysts

Jochen Stanzl, chief market analyst of CMC Markets explained that the Situation and the effects of Coronavirus on companies, the economy and the stock market are more to assess. The investors initially at the side line, so the Analyst. "Risk-taking, not a trace, of the nerves in some of the actors are blank. On the further development of the stock market in the coming days alone, the spread of the Virus is likely to decide."

the analysts of the investment Bank Credit Suisse to advise investors, equities, hedge plants, given the increasing fluctuations in the market. Analyst Marko Kolanovic of JP Morgan pointed out that in the credit markets, prices for protection against defaults of debtors had risen sharply recently. In the financial markets, which is considered a reliable indicator of increasing economic risks.

chart analysis shows targeted 12.232 as a possible point

The chart of the analysts of Helaba have on Wednesday in your comment, a further slippage in the leading index. According to the experts, threatens the benchmark index, after the loss of the Fibonacci-Retracement at 12.828 (38.2 percent), a Test of the 50 per cent Fibonacci Levels in 12.530 points. On the exact same Level, the 144-TageTenkan is to be found, so that this mark is attributable to a lasting effect.

More orientation marks can be at 12.572, 12.373 and 12.232 points define the part of Helaba.

stocks in focus

The airline wants to reduce because of the Virus the cost. Settings should be suspended or postponed, employees may now take unpaid leave. The course is not helped, he lost a further three per cent to the lowest level since August.

shares of Heidelberg Cement lost 1.6 percent after Goldman Sachs removed the buy recommendation for the papers. A sale recommendation of the Metzler Bank expressed Siltronic's share to 4 percent down.

papers of the Aareal Bank fell after the release of better-than-expected quarterly figures of 1.2 per cent. Where is Corona Virus? Real-time map shows the spread of the disease, FOCUS Online/Wochit Where occurs the Corona Virus? Real-time map showing the spread of the disease

ham/dpa
Date Of Update: 26 February 2020, 12:00
NEXT NEWS