FRANKFURT (dpa-AFX) – The Dax continued its correction on Thursday. “The market is overbought, so that good news no longer leads to buying,” wrote analyst Konstantin Oldenburger of the broker CMC Markets with a view to the negatively received figures of the US technology giants Microsoft and Meta.
In view of weak US Borsen, the leading German index extended its daily loss and closed 0.93 percent lower at 19,077.54 points. It ultimately remained above the 19,000-point mark. However, the record high of just under 19,675 points reached in the middle of the month, which the Dax last targeted on Tuesday, receded further into the distance. It recorded a fall of just under 1.3 percent in October.
The MDax of mid-caps fell by 1.14 percent to 26,326.84 points on Thursday. Losses also dominated in Europe and the USA. The EuroStoxx 50, the leading eurozone index, finished 1.2 percent lower. Zurich and London were also down. In…
