Dax falls sharply at the opening

By 14/01/2020News
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.

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