Germany’s blue-chip Dax stock index moved further into correction territory on Tuesday, as jitters about the future of cash-strapped Greece took a bite out of its stellar performance this year.
The Dax was down almost 1 percent at 10,956 in Europe on Tuesday, having tumbled more than 11 percent from a high hit above 12,000 in April. On Monday, the stock index marked a 10 percent decline from its April peak – putting it technically into correction territory.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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