11.10.2017 – 05:15 pm: At the middle of the week the Dax tends to be close to the 13,000 point mark sideways. Even record levels from overseas are unable to lift the domestic lead index over the historic mark. For example, the Japanese Nikkei was able to conquer a new 21-year high, the leading index from Taiwan a new 27-year high and the South Korean Kospi even a new all-time high. The requirements from Asia were correspondingly friendly.
The not yet unexpectedly delayed declaration of independence of the Catalan regional government does not provide further backwind also, at least not for the German stock index. Against this background the euro can benefit very well and trades about 0.3 percent higher than the greenback in the late afternoon. Catalonia’s secession in this context could have given a considerable boost to the independence ambitions of other regions within the euro zone.
In this respect, the Fed meeting protocol, which is due to be published this evening, is likely to leave investors on the side line.In the new world investors are also reluctant. As before, market participants also hope for more concrete indications on the future monetary policy route of the US banknote. In particular, the prospect of a further interest rate increase still in this calendar year.