Wednesday, 11 October 2017

What’s next? – DAX 11.10.17

Posted by Valentine at 11:43 Labels:

DAX

The DAX futures were trading 0.18 percent higher at 12,963.0 as of 07:30 GMT on Wednesday, with market participants looking ahead to fresh data for further support.

The German DAX ended Tuesday session at 12,949.25, moving 27.15 points or 0.21 percent lower despite upbeat economic data and as political fears from Catalonia weighed on sentiment.

The best performers of the session were Deutsche Lufthansa, which added 2.50 percent to 24.585. Deutsche Post rose 1.74 percent to close at 38.060 and Henkel & Co increased to 1.59 percent to 118.35.

The worst performers of the session were Fresenius Medical Care, which went down 2.16 percent to 81.010, followed by Fresenius with a 1.23 percent loss to end at 69.000 and E.ON declining 1.04 percent to 9.587.

Germany’s trade surplus rose to a 12-month high in August to 21.6 billion euro, above expectations for a 20.0 billion euro reading and a previous month 19.3 billion euro.

Exports increased by 3.1 percent and imports by 1.2 percent. Both figures surpassing forecasted builds of 1.0 percent and 0.5 percent respectively.

Economic data from Germany has also been supportive in the recent days. Industrial production increased 2.7 percent, marking the second highest jump of this year. Earlier, factory orders advanced 3.6 percent, exposing its best performance since late 2016.

Ahead in the session, market players will count on Germany’s GDP growth forecast for the third quarter. Estimations on employment and inflation will also be released during the day.

No comments :

Post a Comment

Subscribe to: Post Comments ( Atom )