The Dax continued its fall from last week’s inflection point, declining 280 odd points to start the week on the back foot. Get your market update from zvawda here:
continued its fall from last week’s inflection point, declining 280 odd points to start the week on the back foot. There may be more pain ahead for the index as worries over a German recession are ramped up by comments from the Bundesbank.
The German central bank said it sees more wage pressures ahead as well as inflation of around 10% in the Autumn as government aid expires. The bank also reiterated its belief that a recession is now more likely given the current economic outlook.as fears returned about a prolonged halt in supplies through a major pipeline, jeopardizing an already struggling economy., with fears that supply will not return to normal once the maintenance is complete.
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