17/05/2018 – 09:00 am: After the leading German index gained a few points on the previous day, the Dax remains virtually unchanged at 12,987 points in the early trading session . In addition to other balance sheet results, investors are likely to keep an eye on the formation of a government in Italy today.
Since the targets from the USA cannot provide any acute impetus, investors and analysts expect an unchanged start to today’s trading day. During the current reporting season, Deutsche Telekom, SAP and the car manufacturer BMW will today provide insights into the past quarter.
The focus today should be on the possible formation of a government in Italy and the closely linked development of the European currency. Yesterday, the euro hit a temporary low for the year at 1.1764 US dollars. Not least because of the plans from Italy to bring significant increases in expenditure with accompanying tax cuts on the way. Both points should be difficult or even impossible to reconcile with the monetary union stability agreements.
On the economic and business news side, things remain relatively quiet today. In the afternoon, the first applications for unemployment assistance from the central bank of Philadelphia are on the agenda in the USA.
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