Not only raining sales, desecrating the Frankfurt Stock Exchange also involves an incompetent operator, a bit clumsy with the keyboard. The story seems like one of those anecdotes invented from scratch to cheer up a lunch break. Yet it is reported by an authoritative source such as Der Spiegel. But let's go in order. Since the opening, things have looked bad for the Dax 30.
Ready, set, go and now speculation drags the index in red. But then the situation takes an even more dramatic turn and the price list of the leading European economy suddenly collapses. It seems that a trader with his head in the clouds waved the checkered flag. The wretch would have pressed the wrong button, involuntarily giving the order for a maxi sale. With the climate circulating these days, it didn't take long for the fever to infect the other operators, who began to get rid of as many titles as possible.
Of course, it would be nice to believe that everything can be explained with a comedy of errors episode. But the truth is that, while Frankfurt collapses by 6%, the other European indices also sink, dragged into the abyss this morning by Morgan Stanley, in the afternoon by the negative data on inflation and employment in the United States.
Source:
Der Spiegel
