G7 Meetings in Focus – DAX with Weaker Opening

By 08/06/2018News


08/06/2018 – 10:00 am: On the last trading day of this week, the leading German index currently stands at 12,665 points, around 1.1 percent lower than the previous day. Investors and analysts are focusing on the G7 Summit in Canada this weekend.

Against the backdrop of negative specifications from both the American and Asian stock markets, investors seem to be separating from their securities. Among other things, perhaps to avoid being mistakenly positioned by possible disputes at the forthcoming G7 meeting.

Another shadow is cast by the ECB’s monetary policy discussions starting next week. European monetary watchdogs may be discussing an imminent end to the ECB’s current bond purchases next week. Such a scenario is likely to cause worry among investors and analysts.

The European single currency is currently trading below the 1.18 USD mark, so that one euro currently costs 1.1770 USD.

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