Business · Markets · 10 hrs ago

DAX set to fall again after sharp losses last week

DAX set to fall again after sharp losses last week

Germany’s DAX was set to open lower on Monday after a sharp sell-off last week.

The index had reached a record 26,692 points before falling to 25,820 on Friday.

The selling followed a US technology-stock slump as investors worried that stricter US rules could slow AI investment.

The DAX has less exposure to technology stocks than some indexes, which may help it, but analysts say a year-end rally could be uneven.

Company earnings due this week include results from Siemens, Eon and Munich Re, which could influence share prices.

Investors are also watching US inflation figures due Tuesday because higher inflation could lead to higher interest rates and more expensive borrowing.

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What people are saying

Salah-Eddine BouhmidiIG expert
A sustained recovery and subsequent defense of this level would be important steps toward stabilization and would improve the chances of a year-end rally.
via Tagesschau
Thomas AltmannPortfolio manager at QC Partners
Thanks to its low tech weighting, the Dax has so far come through this difficult phase comparatively well.
via cash.ch
Kyle RoddaAnalyst at Capital.com
The markets are still a long way from being out of the woods.
via Tagesschau