The German stock market opened with sharp losses on Friday, driven by slashed corporate forecasts and mixed earnings reports from US tech giants Apple and Amazon. The Dax index fell 1.2% to 23,776 points, and the MDax dropped 1% to 30,688 points. The Eurozone blue-chip index, the EuroStoxx 50, lost 1.1%. Investors were cautious ahead of the US employment data release in the afternoon.
The German stock market opened with sharp losses on Friday, driven by slashed corporate forecasts and mixed earnings reports from US tech giants Apple and Amazon. The Dax index fell 1.2% to 23,776 points, and the MDax dropped 1% to 30,688 points. The Eurozone blue-chip index, the EuroStoxx 50, lost 1.1%. Investors were cautious ahead of the US employment data release in the afternoon.
The Dax’s decline was partly due to the disappointing earnings from Apple and Amazon, which were released after the close of the US market on Thursday. Apple’s cautious…
