DAX Tries to Defend the Level of 13,000 Points

By 11/05/2018News

11/05/2018 – 10:00 am: After the leading German index climbed to the psychologically important level of 13,000 points on yesterday’s trading day, the stock market barometer is trying to maintain this level today. At 13,002 points, the Dax is currently trading extremely thinly above this level.

On the last trading day of this week, some companies will once again give an insight into their quarterly financial statements. In addition to the world’s largest steel giant Arcelor-Mittal, Talanx AG will also give a look at its books.

On the other side of the Atlantic, the stock markets also ended yesterday’s trading behind positive signs. The Dow Jones Indes gained 0.8 percent during the course of trading and dropped out of the day with around 24,740 points. The technology exchange NASDAQ and the broader S&P 500 gained 0.9 percent and closed the trading session with 7404 points and 2723 points respectively.

On the Asian stock markets, the good targets set by the USA were also implemented positively, enabling the Japanese Nikkei to mark the highest level of the past three months at 22.662 points. The increase was around 0.75 percent.

On the economic side, investors and analysts await today’s publication on US consumer confidence of the University of Michigan. Especially against the background of the current US interest rate policy, consumer confidence could gain increased attention.

The common European currency is currently trading almost unchanged at USD 1.1922.

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