Düsseldorf The Ukraine conflict has become the dominant topic on stock exchanges worldwide. And as is often the case in the run-up to possible military conflicts, share prices plummet. In return, the prices of the so-called safe havens such as gold and government bonds are rising.
The Dax on the German stock market fell by 3.6 percent or around 550 points in the morning and is trading at 14,870 points. The new low for the year is 14,844 points. Apparently the fear of rising energy prices in the event of a military escalation on the Russian-Ukrainian border is huge. And further increases in energy prices might abruptly stall the economic recovery from the pandemic.
On Friday, the leading German index ended trading 0.4 percent down at 15,425 points. At the end of last week, there was a price slide on Wall Street, the Nasdaq 100 lost more than three percent.
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