DAX falls below 22k extending losses ahead of the month-end

The DAX has jus now fallen further and dropped below the 22k handle a short while ago. The losses in Europe are now deepening and perhaps the latest rhetoric from the US President is to account for that. Over the weekend Trump expressed his dissatisfaction with his Russian counterpart, in no uncertain terms and that has put the whole risk dynamic in a more perilous position in terms of European stocks. Prior to this the European markets in general and the DAX is particular were perhaps riding on optimism for a ceasefire in Ukraine. Well, as things stand right now that seems to have been pushed back. So, the DAX is facing further pressure and right at a moment in time when some investors might have thought about banking gains anyway- at the end of the month. The DAX is right now at 21,995