DAX Starts New Trading Week Unchanged – Focus On US Congress Elections

By 05/11/2018News

05/11/2018 – 12:00: After last week’s impressive price rally and against the backdrop of weak data from the Asian stock markets, the German benchmark index is starting the new trading week almost unchanged at 11,522 points.

The still dominant topics on the global stock market are likely to be the ongoing trading dispute between the major powers of the USA and China and the possible solutions to this issue. Market participants are now slowly expecting action in response to the big announcements made in the past.

Against this backdrop, Asian exchanges lost ground at the start of trading on Monday during the session. The Japanese Nikkei Index had to accept a discount of around 1.4 percent. The broader Topix Index lost around 1 percent in value.

A further topic that investors and analysts are likely to be preoccupied with this week is the upcoming US Congressional elections to be held tomorrow, Tuesday. Depending on the outcome of the congressional elections, there may be some movement in the capital market. In both directions!

In the ongoing conflict between Iran and the USA, the American side has today introduced a number of new sanctions. German companies and other countries with export ambitions in Iran are also affected by the new sanctions.

The European common currency has also changed little in parallel to the Dax and is currently quoted at 1.1382 US dollars.

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