FRANKFURT (dpa-AFX) – The German stock market suffered further losses on Thursday. Fears of an escalation of the new Middle East war ultimately caused the DAX to fall by 1.12 percent to 23,057.38 points. The leading index thus continued the downward trend that began just under two weeks ago and came dangerously close to the 50-day line, which is important for the short to medium-term trend. The 21-day support level, which is significant in the short term, had already fallen in the wake of the recent losses. The MDax index of medium-sized companies fell by 1.90 percent to 29,120.07 points. There was no impetus from the US stock exchanges, which were closed for a public holiday.
“The stock markets are waiting in a tense state of alert for political developments in the war between Israel and Iran,” according to the latest edition of the stock market newsletter “Fuchskapital.” “The question hanging over everything is whether…
