German stock barometer loses ground

13.02.2018 – 10:35 am: The Dax shows slight losses (minus 0.2 percent) in early trading. Against this background, mixed specifications do not provide a clear direction. While the U. S. stock market indexes experienced a significant gain, the Japanese Nikkei (minus 0.6 percent) finally slipped into the loss zone after an initially friendly trading day. By contrast, the Chinese SSE 50 (plus 1.7 percent) was able to make impressive gains and, like its US counterparts, is on the road to recovery. The Dow Jones climbed 1.70 percent to 24,601 points. The Nasdaq rose by 1.73 percent to 6,523 points. The S&P closed at 2,656 points with a premium of 1.39 percent.

A stronger Euro (plus 0.3 percent) is having a negative impact in Germany. In addition, a good deal of scepticism is likely to linger in investors’ bones after the rapid downturn. A first rebound was sold out again last week. In particular, concerns about rising inflation and rising bond yields had put enormous pressure on international stock markets. In this respect, the current restraint is likely to be related to the inflation figures coming up tomorrow from the USA. An inflation rate of consumer prices that is above consensus could once again fuel interest rate fears. In today’s trading environment, on the other hand, hardly any relevant economic data is on the agenda.




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