Develpoment in the stock market
During the first few months of 2009 the stock markets continued to be influenced by the ongoing financial and economic crisis. All the leading share indices showed negative development in the first quarter. The American Dow Jones Industrial Average index recorded a decline of almost 16%. The DAX lost 18% compared to its level at the start of the year and the MDAX, in which the MLP share is listed, fell by over 23%. Financial stocks also developed negatively. At the end of the first quarter the DAXsector Financial Services was around 17% lower than at the start of the year. At the start of April the markets began to recover significantly, rising to around levels last seen at the start of the year.