DAX sharp fall after made a Doji Pattern
The German DAX held early losses to close 0.5% down at 20,319 on Monday, extending the trim from the record-high touched on Thursday with pressure from auto giants after Chancellor Olaf Scholz lost his confidence vote, as planned. The German parliament cleared the way for national elections in February with the vote, officializing the anticipated government change that started after the current coalition ended in November.Auto giants led the losses on the corporate front, pressured by the ongoing poor performance in domestic manufacturing and the poor outlook for Chinese consumer demand after the country’s retail sales slowed.
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