Trade dispute puts pressure on sentiment – Dax with weaker start

20/07/2018 – 11:00 am: On the last day of the trading week, the leading German index opened with a slight drop of 0.2 percent and currently stands at 12,665 points.

The reason for the opening is, in addition to the negative targets from the USA and the Asian stock markets, the continuing negative trading dispute between the USA and China as well as between the USA and Europe. The recent statements by US President Trump to impose higher import duties on European cars forced the European Union to take further retaliatory action in this case. The mood on the investor side should therefore be described as tense. The Dow Jones Index dropped 0.5 percent in reaction to yesterday’s trading session. The Japanese Nikkei Index suffered a discount of 0.3 percent.

The European single currency recently gained some ground on the currency markets and is currently trading at the previous day’s level of USD 1.1638. On a weekly basis, the current quotation represents a decline of around 0.3 percent.
On the economic and business news side, the situation remains quiet until the publication of Canadian consumer prices over the course of the day.

 

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