The German stock market gave way at the start of the final quarter. In holiday trading on German Unity Day, the leading index Dax initially lost, but in the afternoon was only 0.1 percent down at 12,102 points. This allows the Frankfurt stock market barometer to break away a little from the psychologically important mark of 12,000 points.
Investors were nervous about the turbulence surrounding Credit Suisse, said Naeem Aslam, chief market analyst at brokerage firm AvaTrade, to Reuters news agency. The boss of the ailing Swiss bank, Ulrich Körner, had emphasized the institute’s strong balance sheet in a message to the workforce.
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