25.06.2019 – Daily report. The German leading index started trading today (Tuesday) with a red sign. The German market seems to be waiting for the upcoming G20 summit.
Global equity markets under cover
After a weak start to the week, the current lull on the floor appears to be continuing. On Monday, the Dax failed to reach the 12,300 mark and finished trading at 12,274 points. This corresponded to a daily loss of around 0.5 percent.
The targets set by the US stock exchanges have not yet been able to boost trading in Germany. The U.S. stock markets exited the trading session almost unchanged yesterday. The Dow Jones closed unchanged at 26,727 points. The broader S&P-500 recorded a minus of 0.2 percent and closed at 2945 points.
The Asian stock markets present a similar picture. The Japanese Nikkei lost 0.25 percent to 21,233 points.
Speech by Fed Chairman Powell
The head of the Federal Reserve will make a speech in New York today. As is always the case at such events, even the smallest subordinate clause will be viewed with suspicious eyes. US President Trump recently blamed Powell via Twitter for what he considers to be the US Federal Reserve’s overly tight monetary policy.
Security consultations in Jerusalem
The security advisors from Israel, Russia and the USA meet in Jerusalem to discuss regional security policy. The presumed main points on the agenda are likely to be the conflict over the states of Syria and Iran.
Dates of the day
Important economic data from the USA could at least provide impetus today. CFD traders may want to watch out for the following dates.
At 4:00pm, the Conference Board Consumer Confidence for June will be released in the U.S.. Analysts are expecting a level of 131.1 points after 134.1 points recently. Also at 4:00pm, sales to new homes in the USA for the month of May are scheduled. The forecast is for an increase to 680,000 homes sold in this period.
Anticipated with excitement, US Fed Chairman Jerome Powell steps in front of the microphones at 07:00pm.
The Bernstein Bank wishes you successful trades.
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