At the end of a weak week, the Dax went further downhill. After the profit warnings of the past few days, Siemens Energy provided the next bad news with a cashed-in earnings forecast. In addition, concerns about interest rates that had flared up continued to cloud the mood on the market.
The leading German index fell by 0.83 percent to 15,856 points in the first few minutes of trading on Friday. He is thus heading for a weekly loss of a good three percent. The MDax of medium-sized companies fell on Friday morning by 0.54 percent to 26,752 points and the leading eurozone index EuroStoxx 50 lost 0.48 percent to 4284 points.
After the record high of 16,427 points a week ago, the Dax slipped back below the 16,000 point mark on Thursday and stayed below it, although it had struggled a bit by the end of trading. Chart technicians do not yet see any great danger. Support for the Dax would be a little lower, so the tenor. The zone at 15,600 to 15,700 points, where the 100-day line, which is important for the medium-term trend, also runs, remains decisive, write the experts at Landesbank Helaba, for example. However, the technical condition of the Dax has clouded over.
