FRANKFURT (dpa-AFX)
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SHARES
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GERMANY: - FURTHER PRICE LOSSES - The Dax is likely to start the new week as the previous one ended: weak. Just under two and a half hours before the start of Xetra trading on Monday, the broker IG estimated that the leading German index was down 0.9 percent at 17,497 points. Following the price slide in the previous week in the wake of weak global stock markets and fears of a recession in the USA, the index is gradually heading towards the much-noticed 200-day line, which provides an indication of the longer-term trend. The technical indicator stands at 17,399 points. The conditions remain unfavorable. In New York, the price losses continued on Friday. In Japan, the Nikkei slumped again on Monday.
USA: - DECLINE CONTINUES - The US stock market continued its downward slide on Friday. Weak labor market data fueled the recession worries that had boiled over the day before. Growing tensions in the Middle East and disappointing quarterly reports from Intel and Amazon also weighed on sentiment. The Wall Street index Dow Jones Industrial ultimately lost 1.51% to 39,737.26 points, resulting in a loss of 2.1% for the past trading week.
ASIA: - SHARE PRICE DROP IN JAPAN CONTINUES - The weakness on the stock markets in Asia continued at the start of the week, particularly in Japan. The rise in the yen, possible interest rate hikes and the gloomy economic outlook for the USA are undermining investor confidence there. Japan's leading index, the Nikkei 225, accelerated its slide on Monday, falling by 7.6% at the last count. In China, the picture was not quite as bleak. The tech-heavy Hang Seng Index of the Hong Kong Special Administrative Region fell slightly by 0.2 percent and the CSI 300 with the 300 most important shares on the Chinese mainland even rose by 0.2 percent.
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DAX 17661.22 -2.33%
XDAX 17702.64 -1.78%
EuroSTOXX 50 4638.70 -2.67% Stoxx50 4321.02 -2.62%
DJIA 39737.26 -1.51%
S&P 500 5346.56 -1.84%
NASDAQ 100 18440.84 -2.38%°
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BONDS / FOREIGN EXCHANGE / CRUDE OIL
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YIELDS:
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Bund future 135.82 0.46%°
DEVISES:
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Euro/USD 1.0911 1.11%
USD/Yen 146.51 -1.92%
Euro/Yen 159.89 -0.80%°
CRUDE OIL:
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Brent 76.91 0.10 USD
WTI 73.53 0.01 USD°
/jha/