DAX Starts below 13,000 Points – Focus on Balance Sheet Figures

By 15/05/2018News
Frankfurt am Main

15/05/2018 – 10:00 am: On the second day of the trading week, the leading German index starts trading at a discount of around 30 points and is currently trading below the 13,000 mark at 12,952 points.

Against the background of almost unchanged closing prices from the USA and the Asian stock markets, the Dax lacks any impetus for the start of trading. Investors are likely to hold back in the first few hours of trading as some balance sheet results need to be processed. Today, in addition to Commerzbank, the pharmaceutical group Merck and Allianz are providing insights into their books.

On the economic data page, investors and analysts await the publication of some German and European key figures on economic growth and economic expectations by the Centre for European Economic Research (ZEW). The forecast for the ZEW Index is 2.0 points. A value above zero indicates an optimistic expectation. On the other side of the Atlantic, the economic expectations of the New York Fed are published alongside retail sales for April.
The European single currency can absorb its recent slide somewhat so that one euro an hour costs 1.1924 US dollars.

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