Dax with a friendly start to the last trading day of the week

13/07/2018 – 10:00 am: At the start of trading on the last trading day of the week, the German share index is in good shape. The stock market barometer is currently trading at 12,551 points, an increase of around 0.5 percent.

The background for the friendly start is likely to be good targets from yesterday’s US trading session. The S&P 500 gained around 0.9 percent in yesterday’s trading. This movement was seamlessly absorbed by the Asian stock markets, so that the Japanese Nikkei Index recorded a brilliant 2.0 percent increase at the close of trading.
Today’s dominant theme is likely to remain the dispute over tariffs in global trade. In this context, the forthcoming publication of the quarterly figures of the listed companies and the question of whether the effects of the customs disputes could already be apparent will be of interest. Today, JP Morgan and Citigroup, two heavyweights of the US banks, are providing insights into their books.

On the economic data side, investors and analysts are focusing on the University of Michigan’s US consumer confidence data presented this afternoon. Analysts forecast a value of 98.1 points. A higher than expected figure is likely to indicate greater consumer optimism and good sentiment in the US economy.

 

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.