09.01.2020 – Daily Report. Despite a renewed missile attack in the area of the US embassy in Baghdad, the signs seem to point to de-escalation between the USA and Iran for the time being. Against this background, the German leading index was able to increase by 1.3% at the start of trading and is currently at 13,492 points.
Despite a renewed missile attack in the area of the US embassy in Baghdad, the signs seem to point to de-escalation between the USA and Iran for the time being. Against this background, the German leading index was able to increase by 1.3% at the start of trading and is currently at 13,492 points.
Today’s trading from the USA and Asia is positive for the bank. Investors were relieved to hear President Trump’s announcement that he will not retaliate militarily for Iran’s missile attack on US military bases in Iraq. While the US government will tighten the thumbscrews in the form of extended economic sanctions against Iran, an at least short-term military strike appears to be moving into the second line.
Against this backdrop, the broad-based S&P500 marked a new record high and closed at 3253 points. The Nasdaq technology exchange did not want to be left behind and also reached a record high. At the end of trading, the Nasdaq Composite stood at 9129 points, an increase of 0.7%.
The positive trend was seamlessly taken up by the Asian stock exchanges in further trading, so that the Japanese Nikkei ended trading with a solid plus of 1.9% at 23,650 points.
Against the background of the latest signs of relaxation, the price of gold fell by around 0.6%. One ounce of gold thus currently costs USD 1,547.98.
The agenda of economic and business reports is quite thin on the ground today. At 10:30am the head of the British central bank, Carney, will give a speech. However, the focus of investors’ attention is likely to be the Non Farm Payrolls data from the U.S., which will be released tomorrow. Analysts expect a figure of 164,000 new jobs.
The Bernstein Bank wishes you successful trades!
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