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Dax makes up almost 600 points after heavy losses at the start

“The recession will be at least double-digit worldwide in the second quarter”

Dusseldorf The Dax reduced its minus significantly on Monday afternoon and, after heavy losses, made up almost 600 points at the start. Most recently, the leading German index was down only 0.1 minus 8924 points. In the meantime, the Frankfurt stock exchange barometer was up 1.3 percent after morning losses of five percent.

Two news items contributed significantly to the recovery: First, the US Federal Reserve is launching new measures to combat the economic consequences of the coronavirus pandemic. Accordingly, it wants to buy government bonds and mortgage-backed securities in unlimited quantities.

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