FRANKFURT (DEUTSCHE-BOERSE AG) – After heavy losses in the first week of the difficult stock market month of September, hopes are now being pinned on stabilization. There are not many upcoming events, but two important ones: the latest US inflation figures and the ECB meeting.
September 9, 2024 September once again lived up to its reputation: volatility skyrocketed in the first week of September and equities fell significantly – especially tech stocks. Over the week, the Nasdaq 100 fell by a whopping 6%, driven by heavy losses in stocks such as Nvidia and Tesla. “The weakness of the leading US indices virtually jumped across the Atlantic,” reports Deutsche Bank. The DAX was hit the hardest – with a drop of 1.5 percent to 18,301 points on Friday. At the beginning of last week, the index had reached a new all-time high of almost 18,991 points. On Monday morning, the DAX was up a good half a percent at 18,412 points.
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