02/23/2018 – 10:25 am: While Wall Street and the Far Eastern stock markets are able to regain momentum after an interim consolidation, the Dax barely manages to keep up. Rather, the German benchmark index is making every effort to stabilise at the current price level. It still shows a clear relative weakness to its US counterparts. With a short excursion over the 12,500 point mark, the domestic stock market barometer shows upward tendencies, but returns the premium in question in early trading. While Dow Jones and Nikkei closed behind a gain of 0.7 percent each, the Dax is currently falling again.
This reluctance is also likely to be due to the late morning publication of the consumer price index for the Euro area. In particular, inflation and its implications for interest rate policy have recently been the dominant theme on the stock markets. All the more reason why investors in Germany are now looking at the inflation rate in the so-called Old World. This is expected to change by minus 0.9 % in January and by 1.3 % in the annual rate. This means that a market mover is on the agenda for the end of the week, which – depending on the data – could result in considerable movement potential.
At 12,451 points, the Dax is 0.1 percent lighter at the moment. The Euro also lost 0.1 percent against the greenback and is currently trading at 1.2315 US Dollars. Gold loses 0.3 percent in the morning to currently $1,328 per troy ounce.
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.