Experts agree: the trip goes further. Short technical corrections are possible, but sustainable they will not be. "From a fundamental perspective, nor under chart aspects an end of the descent suggests to", notes the Landesbank Berlin. Their strategists rather expect that the Dax on new year lows will fall.
Old week, the benchmark index has beaten comparatively well. After four weeks of steep descent, the Dax recorded this time only a small minus to weekly view. This assessment should but don't be fooled: the index was in the meantime at least two and a half percent lower on Friday afternoon, ultimately concluded 0.87 percent negative 5.537 points.
More and more stockbrokers fear that the scenario of 2008 could repeat itself, when shares on a months-long descent went and used until the beginning of 2009 the trend change. "There are certainly Parallels", says economist Matthias Thiel of MM Warburg. "In 2008 we have seen a gradual deterioration of the economic indicators and companies were still very long very optimistic." An additional trigger was the collapse of Lehman. "Today we have the debt crisis."
The analysts of the Landesbank Berlin do not expect a quick end of the descent. New signs of economic weakness are likely to spark further recession fears. And also the political uncertainty about the next steps of the euro crisis could have a negative impact on the nervousness in the markets. In view of the rampant recession anxiety, especially US economic data are expected with a certain concern. Of the most acclaimed monthly indicators with the ISM index and the employment report for August. "Investors should they tap exactly whether the US economy into recession slipping", says economist Christoph Balz of Commerzbank.
After it was revealed on Friday that the US economy has grown significantly weaker in the second quarter with 1.0%, as expected, Federal Reserve Chairman Ben Bernanke of the Fed signalled reserve to another massive economic aid. The Fed was "prepared" to act in order to strengthen the economy. First of all, doubt as to whether Bernanke's comments are sufficient to calm the markets ruled on the stock exchanges. However the US benchmark index went Dow Jones with a proud plus into the weekend, closed at 11.284 points 1.21 percent in green. This can be also hope positive impulses for the domestic markets.
