What’s next? – DAX 16.01.18

The German stock index DAX futures were 0.26 percent lower as of 06:45 GMT at 13,190 points on Tuesday, with market players turning their heads to fresh economic data.

Ahead in today’s session, focus will be at the releases of Germany’s CPI at 07:00 GMT and UK’s CPI and PPI Input as of 09:30 GMT. In the American session, eyes will be directed to the NY Empire State manufacturing index at 13:30 GMT.

The DAX ended Monday’s session with a 0.34 percent or 44.52 points loss at 13,200.51 points, with Food & Beverages, Transportation & Logistics and Construction pushing lower.

Activity on Monday remained below average as Wall Street major indexes were closed in observance of the Martin Luther King’s Day holiday.

The best performers on the DAX were Prosiebensat 1 Media, which added 1.93 percent or 0.570 points to finish the day at 30.050. RWE came in second place with a 0.71 percent or 0.125 points gain at 17.850 and Henkel & Co rose 0.53 percent or 0.60 points at 113.70.

The worst performers of the session were Deutsche Lufthansa, which dropped 4.17 percent or 1.270 points at 29.150. Vonovia eased 1.28 percent or 0.52 points to end at 40.21, while Heidelbergcement plunged by 1.24 percent or 1.180 points to 93.620.

European stocks were down partially due to a continuing strengthening of the bloc’s currency across the board, especially against the dollar.

The EURUSD traded around 1.2269, up 0.02 percent, by the time of this writing.

Fort Financial Services