01/10/2018 – 11:00: Dax with a friendly start in the trading week – focus on Italy and UK .
Against the backdrop of positive specifications from the Asian stock markets, the German Dax is starting the new trading week with tailwind. At 12.318 points, the Dax is currently around 0.6 percent higher.
After the harsh losses at the end of last week, investors seem to be somewhat more upbeat at today’s beginning. This is all the more remarkable as there has not been much change in the current situation. The dominant topics of the trading week are likely to continue to be the upcoming Brexit, in addition to Italy’s debt sustainability. Italian Finance Minister Tria will have to answer questions on the Italian nation’s situation tonight at the Eurogroup meeting in Brussels. In the United Kingdom, Prime Minister May’s conservative camp is discussing the all-dominant Brexit issue at a party conference.
Nevertheless, today the Japanese Nikkei Index was able to climb to 24,306.54 points, its highest level since November 1991. The strongly export-oriented Japanese economy can profit from a sustained weakness of the Yen.
On the economic and economic news side, investors and analysts expect the Purchasing Managers’ Indices for the German industry and the Euro-Zone to be released this week. Various purchasing managers’ indices will also be published across the Atlantic.
The European single currency is currently trading at USD 1.1598, almost unchanged.
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