Dax with a slight plus – Independence Day in the USA

By 04/07/2019News
Doppelhoch im DAX


04.07.2019 – Daily report. Against the backdrop of positive targets from the USA and Asia, the German benchmark index starts today’s trading session with a small gain. At 12,628 points, the stock market barometer is currently trading around 0.2 percent higher. The US stock markets will remain closed today due to the independence day there.

A breather after yesterday’s high for the year

During yesterday’s trading session the Dax reached a temporary high at the level of 12,631 points. Investors expect a somewhat calmer day today. At the close of trading, the leading index lost ground with a gain of 0.7 percent at 12,616 points.

All-time highs before the holiday

For the American indices, yesterday’s trading day means one thing above all else: records. The Dow Jones, the broader S&P500 and the Nasdaq 100 technology exchange closed yesterday’s trading session at new all-time highs. The most recent price rises have been driven primarily by the current hope of further interest rate cuts by the US Federal Reserve. This hope is fuelled by the current President Trump, who hardly misses an opportunity to exert pressure on the current head of the FED, Powell. As a result of today’s Independence Day, no new impulses are expected from the USA for the trading day.

Mixed picture in Asia

The Japanese Nikkei index gained 0.3 percent over the course of trading, closing at 21,694 points. On the Shanghai Stock Exchange, prices fell slightly.

Small setback for gold

After the “safe haven” of the precious metal was able to gain a solid 1.3 percent to a value of 1436 US dollars per troy ounce on yesterday’s trading day, investors seem to be keeping their feet still for the time being. At present, the price of gold is falling to 1,413 US dollars. This corresponds to a decline of 0.3 percent.

The Bernstein Bank wishes successful trades!

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