FRANKFURT (dpa-AFX) – The Dax (DAX 40) continues to plummet on Tuesday because of the Ukraine war and the associated economic consequences. The broker IG appraised the leading German index just under two hours before the start of trading at 12,603 points and thus 1.8 percent lower than at the end of Xetra trading the previous day. So far, he has already lost more than 20 percent in the gloomy stock market year 2022, most of it in the past few days since the Russian invasion of Ukraine.
As market observer Stephen Innes from SPI Asset Management wrote in the morning, investors should not hope for a quick relief just yet. “Disruptions in the energy markets and the dangers of a geopolitical paradigm shift make for a highly unpredictable environment,” emphasized the expert. In many respects the situation appears to be deteriorating rather than improving, given the length of time it has been going on and the possibility that all sides will continue to strengthen their positions.
In the Russian war of aggression in the Ukraine, the situation of the population in embattled cities continues to deteriorate. A third round of negotiations between Ukraine and Russia failed to produce a breakthrough. But there are small positive steps in improving logistics for the humanitarian corridors, said Ukrainian Presidential Advisor Mykhailo Podoliak on Monday. A high-level meeting is scheduled for Thursday between Ukrainian Foreign Minister Dmytro Kuleba and his Russian counterpart Sergey Lavrov./tih/mis
