German Dax starts the trading day unchanged

05/06/2018 – 10:45 am: After the Dax recorded a small plus at the beginning of the week, the leading index remained unchanged at 12,770 points on the previous day’s level at the start of trading today. Investors are likely to be reluctant to trade ahead of next weekend’s G7 meeting.

Investors and analysts are likely to focus throughout the week on the preparations for the upcoming G7 meeting in Canada this weekend. There are, of course, fears that a new escalation stage could be initiated with regard to punitive tariffs and other trade barriers.

Against this background and additionally by the new government in Italy, the European single currency continues to be on shaky ground. The euro is currently unchanged at USD 1.1693.

With regard to the global economic data, investors expect the latest European Purchasing Managers’ Indices this morning before this afternoon’s data from the U.S. is released.

 

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