Dax with a slight plus – Independence Day in the USA

By 04/07/2019News
Doppelhoch im DAX

 

04.07.2019 – Daily report. Against the backdrop of positive targets from the USA and Asia, the German benchmark index starts today’s trading session with a small gain. At 12,628 points, the stock market barometer is currently trading around 0.2 percent higher. The US stock markets will remain closed today due to the independence day there.

A breather after yesterday’s high for the year

During yesterday’s trading session the Dax reached a temporary high at the level of 12,631 points. Investors expect a somewhat calmer day today. At the close of trading, the leading index lost ground with a gain of 0.7 percent at 12,616 points.

All-time highs before the holiday

For the American indices, yesterday’s trading day means one thing above all else: records. The Dow Jones, the broader S&P500 and the Nasdaq 100 technology exchange closed yesterday’s trading session at new all-time highs. The most recent price rises have been driven primarily by the current hope of further interest rate cuts by the US Federal Reserve. This hope is fuelled by the current President Trump, who hardly misses an opportunity to exert pressure on the current head of the FED, Powell. As a result of today’s Independence Day, no new impulses are expected from the USA for the trading day.

Mixed picture in Asia

The Japanese Nikkei index gained 0.3 percent over the course of trading, closing at 21,694 points. On the Shanghai Stock Exchange, prices fell slightly.

Small setback for gold

After the “safe haven” of the precious metal was able to gain a solid 1.3 percent to a value of 1436 US dollars per troy ounce on yesterday’s trading day, investors seem to be keeping their feet still for the time being. At present, the price of gold is falling to 1,413 US dollars. This corresponds to a decline of 0.3 percent.

The Bernstein Bank wishes successful trades!

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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.