27.05.2019 – Daily report. After the alleged choice of fate, the euro reacts calmly, the DAX rises moderately. In short: the market has ticked off the European election. In Asia and the oil market, on the other hand, politics set the pace. Since political stock markets have short legs, however, you must always keep an eye on your regular market updates.
Moderate growth in the DAX
The DAX gained 0.4 percent by noon. Real news was in short supply, and the balance sheet season was also largely over.
US joins forces with Japan
Meanwhile, US President Donald Trump was warmly welcomed to Nippon. Trump spread optimism: “There will not be a comprehensive trade agreement between the USA and Japan in the coming weeks. Many things will wait until after the elections there in July, Trump had tweeted on Sunday. But unlike China, Japan wants to avoid America imposing import duties. The Tokyo leading index closed 0.31 percent higher at 21 182.58 points.
Beijing is stubborn
Beijing, on the other hand, has apparently retreated into a slurry. For the first time, the state news agency Xinhua used the term “core interests” with regard to the state-controlled economy in a commentary on the customs dispute with the USA on Saturday. In other words, issues such as the end of domestic corporate preference are not negotiable. Beijing wants to continue planning and steering. The term “core interests” has so far been used primarily for Taiwan. Nevertheless, the Chinese CSI 300 climbed by 1.2 percent to 3,637 points.
Firmer Wall Street
Because Trump had tried last week to smooth the waves around Huawei. “I can imagine Huawei being involved in some form of trade agreement,” the US president said. For example, the Dow Jones Industrial went into the weekend with a plus of 0.4 percent at 25,586 points. The S&P 500 rose by 0.1 percent to 2,826 points on Friday. The Nasdaq 100, on the other hand, fell by 0.1 percent to 7301 points.
Verbal easing of tensions in Iran
Meanwhile, the situation on the oil market seems to be returning to normal. “We are not striving for a change in leadership, we are striving for the absence of nuclear weapons,” Trump said during his visit to Tokyo. He added that he expected “a deal” with Tehran. Previously, the US president had threatened the mullahs with destruction.
So relaxation everywhere. The week could be quiet, since important appointments on Monday are not pending and many traders are on holiday because of the holiday on Thursday. In addition, the stock exchanges in the USA and Great Britain will remain closed today because of Memorial Day. But especially in a thin market, volatility can strike suddenly.
We wish you every success with your trades!
This is what the day brings
Friday is likely to be an outdated model for stock market traders: Except for the US Order Intake for Durable Goods at 14:30 in April, there are no important dates to come.
The Bernstein-Bank wishes you successful trades and a relaxing weekend!
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