The Dax has completed the fifth trading day in a row with losses: Germany’s DAX dropped 1.54% to 10.622,07 points. In late trading, the Dax slipped even up to 10.585 points to the lowest level in more than two years.
Since the beginning of the year to a decline of around 18 percent for the Dax in the meantime to book. The MDax lost on Monday 2.06 percent on 22.072,21 counter.
“The list of the market is stressful topics long,” said Analyst Jochen Stanzl of CMC Market. He pointed to the uncertainty around the Brexit, the template of the new budgetary plan of Italy on the coming Wednesday, the European Central Bank meeting on Thursday and on the so-called great expiration of options and futures contracts on Friday.
The Euro STOXX 50 index lost 1.36 per cent to 3016,99 points. For the Paris benchmark index, the Cac 40 was 1.5 percent, the London FTSE 100 fell by around 0.8 percent. The Dow Jones Industrial to the close of trading in Europe, with about 1.3 percent in the Minus.
From an industry perspective, banking stocks were on Monday particularly weak. The papers of Deutsche Bank were to the Dax-end of around 5.6 percent. In the MDax, the title of the German pfandbrief Bank were at a discount of more than 9 per cent, clear. Commerzbank shares fell by 3.2 percent.
The shares of BASF buckled after a profit warning by 3.8 percent. Analysts lowered their price targets for the stock. The Dax-heavy weight-founded the clipped-year forecast with the consequences of the low Rhine level and the trade conflict between the United States and China. The low water in the Rhine was made in the autumn of the Transport of goods by ship and sometimes impossible; BASF is considering, therefore, flat-bottom vessels.