FRANKFURT (dpa-AFX) – With the escalation in the Middle East, the German stock market is heading downhill on Friday. The DAX fell by 1.31 percent to 23,461 points in early trading. This is how investors are reacting to the geopolitical uncertainty following Israel’s attack on Iran. Government bonds and gold were in demand as safe havens. Oil prices rose sharply.
After the German benchmark index reached a record high of 24,479 points last week, the interim low of 23,274 points in mid-May is now coming into focus. Below that, further trouble looms on the charts. Most investors preferred to stay on the sidelines or continue to take risks out of the financial markets, said market expert Andreas Lipkow. In the current delicate situation, no market participant is playing the hero ahead of the weekend.
The MDax index of medium-sized companies lost 1.62 percent on Friday to 29,713 points. The Eurozone’s leading index, the…
