Dax explores firm terrain – focus on US inflation data

By 13/03/2018Home-news, news

13.03.2018 – 10:40 a. m.: In early trading, the German benchmark index shows a moderately positive omen. In view of the mixed guidelines from Wall Street and the Far East, a sustained trend cannot yet be identified.

While S&P and Nasdaq left the market with slight mark-ups, the Dow Jones closed with a minus of 0.4 percent. The Japanese and Chinese stock markets also present a mixed picture. The Nikkei achieved a gain of 0.7 percent, while the Shanghai Composite had to report a loss of 0.3 percent at the closing bell.

Furthermore, a possible trade war between the USA and the rest of the world remains a topic of discussion. After already imposing concrete punitive tariffs on steel and aluminium, US President Trump has now addressed industrial and agricultural products from the European Union in addition to possible sanctions against automobile imports.

In addition, the focus on Tuesday will also be on inflation data from the United States. The US consumer price index for the month of February will be published this afternoon. Against this background, an inflation rate of 0.2 percent is expected.

The Dax is currently 0.2 percent firmer at 12,445 points. The Euro is still showing no sign of direction at 1.2330 US dollars. Gold, on the other hand, is currently yielding 0.4 percent to USD 1,318 per troy ounce.

 

 

 

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