FRANKFURT (dpa-AFX) - The Dax continued its correction on Thursday. "The market is overbought, so that good news no longer leads to buying," wrote analyst Konstantin Oldenburger of the broker CMC Markets with a view to the negatively received figures of the US technology giants Microsoft and Meta.

In view of weak US Borsen, the leading German index extended its daily loss and closed 0.93 percent lower at 19,077.54 points. It ultimately remained above the 19,000-point mark. However, the record high of just under 19,675 points reached in the middle of the month, which the Dax last targeted on Tuesday, receded further into the distance. It recorded a fall of just under 1.3 percent in October.

The MDax of mid-caps fell by 1.14 percent to 26,326.84 points on Thursday. Losses also dominated in Europe and the USA. The EuroStoxx 50, the leading eurozone index, finished 1.2 percent lower. Zurich and London were also down. In New York, the leading index Dow Jones Industrial lost 0.7 percent at the end of European trading. The tech index Nasdaq 100 even fell by more than 2 percent due to the price losses of Microsoft and Meta.

Ahead of the elections in the United States and the meeting of the US Federal Reserve next week, "investors have suddenly lost their appetite for equities", continued expert Oldenburger. Although the interest rate turnaround is now here, it could be "much weaker than hoped for a few weeks ago". The authors of the Borsen letter "Fuchskapital" take a similar view. "Hopes of further rapid interest rate cuts have been dashed," they write in the current issue.