Waiting for the G20 summit

By 25/06/2019News
online stock


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.

Important Notes on This Publication:

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.