FRANKFURT (dpa-AFX) – The German stock market continued its downward trend on Thursday. Disappointment over the trade agreement between China and the US was compounded by growing concerns about a possible Israeli attack on Iran. For security reasons, the US, which is allied with Israel, is reducing its embassy staff in Iraq. There are fears that the leadership of the Islamic Republic could order retaliatory strikes against US bases in the region in the event of an Israeli attack on its arch-enemy.
This conflict could cause the DAX to suffer its fifth consecutive day of losses. The leading index fell by 0.7 percent to 23,778 points in early trading. The MDax index of medium-sized companies fell by 0.6 percent to 30,462 points. The EuroStoxx 50, the leading index for the eurozone, also showed weakness.
