Friday, 22 December 2017

What’s next? – DAX 22.12.17

Posted by FortFS at 08:50


The German stock index DAX futures were 0.13 percent higher as of 05:05 GMT at 13,068.5 points on Friday, with market players awaiting fresh data, remaining cautious as the political scene in Europe continues to weigh on sentiment.

Ahead in the day, attention will be directed to the German GfK Consumer Climate index for January, with a 10.8 points reading seen.

Also, market players will be focusing on the releases of UK Q3 business investment, current account and gross domestic product as of 09:30 GMT.

The benchmark ended at 13,109.74 points, adding 40.57 points or 0.31 percent, with on Thursday, with the Technology, Basic Resources and Construction sectors contributing to gains.

The best performers were Fresenius, which added 1.60 percent or 1.030 points to 65.590, Bayerische Motoren Werke rising 1.05 percent or 0.910 points to 87.840 and Infineon Technologies increasing 0.98 percent or 0.225 points to 23.080.

The worst performers were RWE, which dropped 1.56 percent or 0.265 points to 16.715, followed by Vonovia with a 0.82 percent loss or 0.34 points at 40.70 and E.ON eased 0.79 percent or 0.073 points to 9.164.


European stocks started Thursday under pressure in the light of rising uncertainty over elections in Catalonia, Spain. However, German utilities were able to help the DAX capped losses. 

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