FRANKFURT (dpa-AFX) - Persistent uncertainty surrounding the Middle East conflict and rising energy prices are increasingly testing the patience of investors on European equity markets. On Thursday, the price of Brent crude continued its ascent above the 100-dollar mark. As inflationary and economic risks mount, equities are being shunned.
Minutes after the Xetra opening, the Dax shed 0.21 percent to 24,144 points, threatening a fourth consecutive session of losses. Market participants are closely monitoring the 200-day moving average, a key indicator for the long-term trend, which currently stands at 24,116 points.
The MDax, tracking mid-cap stocks, fell by 0.52 percent to 31,015 points, while the EuroStoxx 50, the Eurozone's benchmark index, declined by 0.3 percent./ajx/stk
