New Concerns about the Deutsche Bank have loaded on Friday, the mood at Frankfurt’s stock market.
In the first minutes of trading, the paper of the largest domestic money house, slipped for the first time in the history of the company, under 10 Euro. Recently, the share was up more than eight percent….
Background reports, some hedge funds in the United States have risks transactions with the Bank. The investors are known since a possible criminal is to be unsettled payment in the United States up to $ 14 billion and sent the price of the stock to decline.
Dax is in reverse
The Dax dropped 1.7 percent to 10.225 points. Thus, the stock market barometer continued the previous day’s loss. On a weekly view, a decline of almost four per cent, threatens him; the balance sheet for September looks a little better.
With the loss, the local benchmark index, the weak stock markets in the United States and Asia. Also there are loaded once again, Negative headlines for the largest German financial institution, Certain hedge funds have partially reduces excess money holdings and positions, reported the news Agency Bloomberg previously relying on a your this internal document of the Bank. This had created new uncertainty among investors.
The MDax the medium-sized enterprises, lost 1.4 percent to 21.197 points and the technology shares Index TecDax 1.1% lost to 1765 meters. For the Euro-zone benchmark index Euro STOXX 50 it went up by 1.8 percent to 2937 points downhill.