18/06/2018 – 10:00 am: At the beginning of the week, the German stock market barometer is showing little momentum and is currently down by around 0.5 percent at 12,949 points. The most recent trade disputes between the USA and China are disruptive fires.
The development of recent trade sanctions between the US and China may put global investors in a nervous mood. Unfortunately, there currently seems to be a spiral of sanctions and countermeasures, so that investors in the Asian markets are exercising restraint at the beginning of the week. The Japanese Nikkei Index has dropped by 0.8 percent to around 22,680 points.
Against this backdrop, the common European currency has fallen back below the 1.16 USD mark, so that one euro costs 1.1576 dollars at the moment. The main influencing factors for the euro today could be the disputes within the German government on the current issue of asylum policy.
On the side of the economic and business reports, things remain rather quiet over the course of the day. Another speech by ECB President Mario Draghi this evening could be interesting.
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