Frankfurt (Reuters) – The Dax started a recovery attempt at the end of the week.
The leading German index increased by 0.5 percent to 13,511 points. On Thursday he had lost almost three percent. However, analysts did not expect large price jumps. The potential for disappointment for the stock markets is still very large, since peace negotiations between Russia and Ukraine are still a long way off, said Christian Henke from the online broker IG.
In addition to the war in Ukraine, the prospect of a tighter monetary policy by the major central banks also caused uncertainty. Investors braced themselves for a rate hike by the Fed next week after US inflation picked up again. In addition, many investors were expecting the ECB to take more aggressive action against the high inflation rates.
In the first few minutes, Siemens Energy was one of the biggest winners of the Dax with a plus of 4.7 percent. Lanxess rose 5.7 percent in the MDax. The specialty chemicals group ended the past year with a significant increase in earnings despite higher costs for energy and raw materials.