Friday, 19 January 2018

DAX

Posted by Anonymous at 10:59 Labels:
The German stock index DAX futures were 0.92 percent higher as of 07:00 GMT at 13,280.5 points on Friday, as market players awaited fresh data later in the session.

The benchmark ended in Frankfurt up 0.74 percent or 97.47 points at 13,281.46 with Technology, Chemicals and Retail components adding most gains.

The best performers of the session were Infineon Technologies, which increased 5.55 percent or 1.320 points to finish at 25.100. BASF rose 2.75 percent or 2.570 points to close at 96.150, while Adidas added 2.30 percent or 3.85 points to 171.00.

The worst performers of the session were Merck, which dropped 1.42 percent or 1.30 points to 90.12. Fresenius was down 0.58 percent or 0.380 points at 65.120 and E.ON eased 0.49 percent or 0.044 points to 8.883.

Ahead in today’s session, Germany’s producer price index for December is scheduled for release as of 07:00 GMT. Analysts are forecasting a 0.2 percent advance.

Also, European investors will keep an eye on UK retail sales data for December at 09:30 GMT. Economist preview a 3.0 percent annual increase, but a 0.6 percent decline on monthly basis.

The dynamic of the German index remains strongly influenced by the political situation in the country. With Angela Merkel running out of days to secure a coalition, investors begin to weigh the different alternatives: a second election or a minority government.

As this situation is expected to develop during the weekend, we could see a moderate positioning among traders as it doesn’t seem like a good time for risk. Hopefully next week the panorama will look clearer and the index will be able to resume growth.

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