DAX Continues Its Slide – Focus on Italy

By 29/05/2018News

29/05/2018 – 11:00 am: After a weak start to the new trading week, the German stock market barometer continues to increase its losses today. At 12,675 points, the Dax is currently down about 1.4 percent.
Due to yesterday’s Memorial Day, the US stock markets remained closed, but the Asian markets also fell against the backdrop of the European targets, so that the Nikkei Index fell by 0.8 percent.
Investors around the world are worried about the current difficult situation in Italy. During the Italian election campaign, the discussion about a possible “Italexit” was of central importance. This tension can be clearly seen in the exchange rate of the European single currency. Today, Tuesday, the euro continues its slide from the beginning of the week and is currently trading at 1.1541 US dollars, at the same level as last summer. This corresponds to a minus of around 0.7 percent.
On the economic news side, investors and analysts expect the latest U.S. consumer confidence data to be released this afternoon.

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