Thursday, 23 November 2017
What’s next? – DAX 23.11.17
The German stock index DAX futures were lower in early trading on Thursday as market players prepared to receive a fresh batch of data later in the day.
The benchmark ended at 13,015.04 points on Wednesday, posting a loss of -152.50 points or -1.16 percent with software, technology and consumer & cyclical dragging it down.
The best performers of the session were RWE, which added 1.20 percent or 0.235 points to 19.835. Linde was down 0.13 percent or 0.25 points to finish at 190.50 and Bayerische Motoren Werke declined 0.23 percent or 0.200 points to 86.580.
The worst performers of the session were Infineon Technologies, which dropped 2.79 percent or 0.705 points to 24.575. Adidas notched down 2.42 percent or 4.55 points to 183.10, followed by Deutsche Lufthansa easing 2.33 percent or 0.675 points to 28.235.
No relevant data was released in Germany or Europe on Wednesday. However, this session promises to bring a handful of economic reports, including a revision of the German gross domestic product for the third-quarter, which is seen at an annual growth rate of 2.6 percent.
Also, Markit Economics will present its manufacturing and services activity indexes for November as of 08:30 GMT, with 60.4 and 55.0 readings seen.
The same reports will be available for the Eurozone at 09:00 GMT. Analysts are forecasting a moderate improvement in the services sector, while a tiny contraction in manufacturing.
In the United Kingdom, attention will be directed to a new reading of the Q3 GDP at 09:30 GMT.
The ECB is due to release its account of monetary policy meeting as of 12:30 GMT. Investors will carefully monitor the words of policymakers in search for hints on future regulation moves.
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