Dax falls sharply at the opening

Trading Profits

14.01.2020 – Daily Report. The start of trading in the Dax today can certainly be described as bumpy. In the first few minutes of trading, the stock market barometer plummeted to just under 13,355 points. However, a recovery movement began from this level, so that the Dax currently stands at 13,457 points, almost unchanged.

The benchmarks from the overseas stock exchanges have been positive through the Bank. Both the broad-based S&P500 and the Nasdaq technology exchange were able to achieve new highs. The Dax is also not far from its all-time high of 13,597 points.

Investors are likely to continue to focus on two events. On the one hand, all eyes are on the partial agreement in the trade dispute between the USA and China. The signing of the so-called Phase 1 deal is likely to be imminent. On the other hand, this evening marks the start of the reporting season in the US, where companies will provide insights into their Q4 business. The quarterly reporting season will be opened by the major banks JP Morgan, Citigroup and Wells Fargo. On average, analysts expect companies to report a decline in profits for the past quarter.

Against the background of the current global easing, the price of gold is easing slightly. Currently, the price of a fine ounce of gold is falling by around 0.3 percent to the current level of USD 1543.55.

Bernstein Bank wishes you succesful trades.


Important Notes on This Publication:

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.