Dax current: Dax loses more than 300 points – and is approaching the 25,000 point mark

Dusseldorf. A new rise in oil prices and ongoing nervousness in the technology sector are once again weighing on the German stock market on Friday. In the afternoon, the leading German index was down 1.3 percent at 25,036 points. The leading index is now approaching the 25,000 point mark. The last time it fell below this was at the beginning of October. Yesterday, Thursday, the DAX closed 1.1 percent lower at 25,371 points.

Meanwhile, the sell-off in tech stocks on the US stock exchanges continued on Thursday. The relief following strong quarterly figures from US technology companies such as Meta and SpaceX quickly evaporated as the high costs of artificial intelligence returned to the focus of investors. Renewed turbulence on the French bond market also weighed on sentiment.

On Friday, investors will continue to look at developments in France. The rating agency Moody’s checks the French creditworthiness. A downgrade could further increase the risk premiums on French government bonds and thus also put pressure on the euro and European banks.