On the penultimate trading day of the year, the Dax has dropped to a new Two-year Low, The DAX slipped temporarily below of 10,300 points and finished with a Minus-from 2.37 percent to validated 10.381 points. This is the lowest closing price since November of 2016. In December alone, the losses of the Dax amounted to just under eight percent.
The MDax, which includes the most important medium-sized companies, fell by 1.41 percent on 21.301 points. The indices followed the Dow Jones, which lost to his massive increase of almost five percent on the previous day.
The Dax remained the Trend of the last months of loyalty: Political crises, interest rate fears and concerns about the economy had on him in the course of the year. With an Annual decline of more than 19 percent, he is heading for the first loss year since 2011. In an international comparison, he cuts off so it is worse than most of the major stock exchanges.
paused During the Frankfurt trade due to Christmas, had crashed, the Dow Jones Industrial on Christmas eve, had recovered on Wednesday, but strong. Analysts evaluated the variations as an expression of continued high uncertainty, so investors received lasting no risk. (Read here why it is unlikely that the stock exchanges at the end of the year to recover.)
Oil prices after a strong rise in price again
Oil prices rose after strong price slightly decreased: A Barrel of North sea Brent crude oil (159 litres) cost late Thursday afternoon 52,92 USD. The were $ 1.55 less than the previous day. The price of a Barrel of the US variety WTI fell to $ 1.17, on 45,05 dollars.
On Wednesday, Oil prices had risen by approximately nine percent. On the Oil market, this jump in prices with the discount will end Fears of a slowdown in the economy and the Gain in the US equity markets is explained. In addition, the Russian energy Minister Alexander Novak believes that the Oil market will be in the first half of next year to be more stable.
The group of Opec+, which consists of the organization of the petroleum exporting countries (Opec) and Russia, had reached agreement in early December on a reduction in subsidies. So you want to stabilize the price of Oil. The reason for the swing in Strategy in the Oil market, the rapid price decline for the internationally important raw material. Oil prices had risen until the beginning of October and since then has fallen by more than 20 percent. (Read more about the decision of the Opec+.)
The worldwide concern about a slowdown in the economy returned, is apparently on the oil markets; in addition, there are signs of an Oversupply of crude oil. Oil prices fell again.