05/11/2018 – 12:00: After last week’s impressive price rally and against the backdrop of weak data from the Asian stock markets, the German benchmark index is starting the new trading week almost unchanged at 11,522 points.
The still dominant topics on the global stock market are likely to be the ongoing trading dispute between the major powers of the USA and China and the possible solutions to this issue. Market participants are now slowly expecting action in response to the big announcements made in the past.
Against this backdrop, Asian exchanges lost ground at the start of trading on Monday during the session. The Japanese Nikkei Index had to accept a discount of around 1.4 percent. The broader Topix Index lost around 1 percent in value.
A further topic that investors and analysts are likely to be preoccupied with this week is the upcoming US Congressional elections to be held tomorrow, Tuesday. Depending on the outcome of the congressional elections, there may be some movement in the capital market. In both directions!
In the ongoing conflict between Iran and the USA, the American side has today introduced a number of new sanctions. German companies and other countries with export ambitions in Iran are also affected by the new sanctions.
The European common currency has also changed little in parallel to the Dax and is currently quoted at 1.1382 US dollars.
Important notes on this publication:
The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.