15/05/2018 – 10:00 am: On the second day of the trading week, the leading German index starts trading at a discount of around 30 points and is currently trading below the 13,000 mark at 12,952 points.
Against the background of almost unchanged closing prices from the USA and the Asian stock markets, the Dax lacks any impetus for the start of trading. Investors are likely to hold back in the first few hours of trading as some balance sheet results need to be processed. Today, in addition to Commerzbank, the pharmaceutical group Merck and Allianz are providing insights into their books.
On the economic data page, investors and analysts await the publication of some German and European key figures on economic growth and economic expectations by the Centre for European Economic Research (ZEW). The forecast for the ZEW Index is 2.0 points. A value above zero indicates an optimistic expectation. On the other side of the Atlantic, the economic expectations of the New York Fed are published alongside retail sales for April.
The European single currency can absorb its recent slide somewhat so that one euro an hour costs 1.1924 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.