At the end of a volatile week, the Dax has noticeably reduced its previous weekly gains. Investors are unsure how to classify the monetary policy prospects and dangers of the banking turbulence. Before the weekend it was therefore said that the checkout would be made first. The leading German index fell below 15,000 points at times.
Towards the end of the first hour of trading, the Dax lost 1.30 percent to 15,012.24 points, so that its weekly plus shrank to 1.7 percent. In the past few days, the Dax had recovered by up to around 840 points: the initial weekly low, which after the emergency rescue by Credit Suisse had become necessary at 14,458 points, meant the lowest level since the first week of January, was followed by an increase up to 15,300 points.
The MDax with the medium-sized stock market values fell on Friday by 1.48 percent to 26,859.94 points. The EuroStoxx 50 also fell by 1.4 percent.
Continued slides in bank stocks were an expression of the ongoing uncertainty. Deutsche Bank shares in particular fell by 7.5 percent towards their Monday low. The Volkswagen shares were also negative in the Dax with a discount of three percent.
The German aviation industry is facing a wave of strikes expected on Monday. Lufthansa, whose shares fell by 2.8 percent on Friday, announced the first effects at the weekend: There should be no flights in Munich on Sunday, followed by Frankfurt Airport on Monday.
The travel group Tui, which announced a capital increase of 1.8 billion euros to repay state corona aid, also came into focus in the travel industry. The shareholders had already approved the preparation of the measure at an online general meeting in February. After initially even greater pressure, the discount was finally 5.5 percent.
