The Dax remains in a downward spiral due to inflation, interest rate and economic concerns. For the first time since November 2020, it fell below the 12,000 point mark on Wednesday. Most recently, the minus for the leading index was 1.57 percent to 11,949.37 points. The MDax fell by 1.70 percent to 21,963.87 points, the leading euro zone index EuroStoxx 50 lost 1.7 percent in value.
The previous evening, calls by central bankers for more interest rate hikes had had a negative impact on Wall Street because they were increasing concerns about a recession worldwide. Fear of a deeper energy crisis is also rampant, partly because of the leaks in the two Baltic Sea gas pipelines Nord Stream 1 and Nord Stream 2.
