Monday, 31 July 2017

What’s next? – DAX 31.07.17

Posted by Anonymous at 10:15 Labels:

DAX

The DAX futures traded 0.07 percent lower at 12,131.00 points as of 06:22 GMT on Monday, with traders awaiting activity indexes in Germany, as well as a fresh jobs data in the US.

Earlier today, Germany’s retail sales grew 1.1 percent in June, moving comfortably above an estimated 0.2 percent increase and a previous growth rate of 0.5 percent.

Upbeat data could support a higher open in Frankfurt on Monday, but investors will also be paying attention to the sentiment of US players ahead of a key week for Wall Street.

Germany’s manufacturing PMI is due for release on Tuesday at 07:55 GMT, accompanied by the unemployment rate. By the same time on Thursday, the services PMI for July will be out, while factory orders are set for publishing on Friday as of 06:00 GMT.

Last week, the German benchmark index ended 0.40 percent or 49.34 points lower at 12,162.70, with Food & Beverages, Basic Resources and Utilities weighing the most.

Among top performs we have seen Adidas AG adding 8.79 percent to 192.55, Prosiebensat 1 Media AG rising 0.98 percent to 33.440 and Commerzbank AG O.N. unchanged at 11.135.

On the downside, Linde AG O.N. easing 2.15 percent to 161.70, Continental AG O.N. falling 2.03 percent to 192.60 and E.ON SE NA down 1.95 percent to 8.262.

Market analysts are currently suggesting that the direction of the DAX will depend more on technical factors than on the fundamental environment. A recovery to 12,300 is likely after a brief consolidation period above the 12,100 is formed in the next few hours.

No comments :

Post a Comment

Subscribe to: Post Comments ( Atom )