The German stock market initially fell slightly. The leading index Dax fell in the first few minutes of trading by 0.14 percent to 15,581.32 points. On Friday, the leading German index recovered slightly, but still posted a weekly loss of around three and a half percent. The MDax for medium-sized companies fell by 0.49 percent to 26,882.59 points. The Eurozone leading index EuroStoxx 50 lost 0.3 percent.
“The big question for the Dax this week is: Is last week’s setback enough to attract buyers, or are those willing to buy waiting for even lower prices? It’s completely normal for the buy threshold to move further down with every correction.” , noted market analyst Thomas Altmann of QC Partners. Pundits are now keeping an eye on US consumer prices on Wednesday and the second quarter earnings season that kicks off in the US over the weekend.
