Dax expected lower – ifo index in view

Frankfurt (Reuters) – According to calculations by banks and brokerage houses, the Dax will start again on Monday at the start of the new stock exchange week.

Fears of recession shook the stock markets on Friday and caused the Dax to fall by around two percent to 12,284.19 points.

Against this background, stockbrokers are eagerly awaiting the Ifo index, which reflects the mood in the German executive floors. Analysts expect a drop to 87 points from 88.5 points. In August, the barometer, which is closely monitored on the financial markets, fell for the third month in a row.

Closing prices of European indices as of

on the previous trading day

dax

12,284.19

Dax future

12,223.00

EuroStoxx50

3,348.60

EuroStoxx50 Future

3,325.00

US indices closing prices at level change

previous trading day

Dow Jones

29,590.41 -1.6 percent

Nasdaq

10,867.93 -1.8 percent

S&P 500

3,693.23 -1.7 percent

Asian indices on Monday stand change

Nikkei

26,437.20 -2.6 percent

Shanghai

3,084.45 -0.1 percent

hang seng

17,911.45 -0.1 percent

(Report by Anika Ross. If you have any questions, please contact our editorial team at [email protected] (for politics and the economy) or [email protected] (for companies and markets).)

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