DAX with A Friendly Start To The Last Trading Day of the Week

By 13/07/2018News

13/07/2018 – 10:00 am: At the start of trading on the last trading day of the week, the German share index is in good shape. The stock market barometer is currently trading at 12,551 points, an increase of around 0.5 percent.

The background for the friendly start is likely to be good targets from yesterday’s US trading session. The S&P 500 gained around 0.9 percent in yesterday’s trading. This movement was seamlessly absorbed by the Asian stock markets, so that the Japanese Nikkei Index recorded a brilliant 2.0 percent increase at the close of trading.
Today’s dominant theme is likely to remain the dispute over tariffs in global trade. In this context, the forthcoming publication of the quarterly figures of the listed companies and the question of whether the effects of the customs disputes could already be apparent will be of interest. Today, JP Morgan and Citigroup, two heavyweights of the US banks, are providing insights into their books.

On the economic data side, investors and analysts are focusing on the University of Michigan’s US consumer confidence data presented this afternoon. Analysts forecast a value of 98.1 points. A higher than expected figure is likely to indicate greater consumer optimism and good sentiment in the US economy.

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