13.01.2020 – Daily Report. After the stock exchange traders seem to have digested the shock news of the past few days from Iran/Iraq, the new stock market week is starting off on a friendly note. The Dax is currently trading at 13,506 points, up 0.2 percent.
Against the background of geopolitical tensions in the Middle East between Iran and the USA, the German leading index fell below the psychologically important mark of 13,000 points in the previous week. From this level, however, a recovery began quite quickly, so that we are now seeing prices above the 13,500 mark again. The situation in Iran and Iraq continues to be the focus of investor attention, but there are other aspects of the trading week that will provide impetus to the markets as it begins today.
The trade conflict between the U.S. and China is likely to be the focus of attention. A partial agreement between the two superpowers is expected to be signed in midweek. The conflict is far from resolved, but the partial agreement would be a first step in the right direction.
In addition, the reporting season that is about to begin in the USA should provide some impetus. With Citigroup, JP Morgan and Goldman Sachs, the American heavyweights of the financial industry are giving the financial industry a glimpse into their books.
On Thursday, a speech by the new ECB chief Lagarde is eagerly awaited.
Today’s calendar with economic and business data is rather thinly populated.
At 10:30 a.m. figures on the gross domestic product from the United Kingdom are due.
The Bernstein Bank wishes you successful trades!
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