DAX Index Price Forecast – Dax Opens Positive on News of Trump & Merket Supporting EU-US Trade Talks
DAX is expected to trade positive across the day on signs of strong internal economy indicated in yesterday’s German macro data and news on EU-US trade talks.
Germany equities were higher at the close on Monday, as gains in the Technology, Retail and Chemicals sectors propelled shares higher. At the close in Frankfurt, the DAX rose 1.16%, while the MDAX index gained 1.01%, and the TecDAX index climbed 1.54%. Advancing stocks outnumbered falling ones by 509 to 200 and 74 ended unchanged on the Frankfurt Stock Exchange. The DAX volatility index, which measures the implied volatility of DAX options, was down 0.08% to 14.53. DAX is expected to trade positive across the day on signs of strong internal economy which was indicated in yesterday’s IFO business climate data and news of Trump and Merkel supporting continued trade related talks between US & EU. This news coming at a time when markets also saw news of Trump supporting Italian goverment on its decision which puts Italy at odds with EU has turned out to be positive influence on equity markets.
Germany equities were higher at the close on Monday, as gains in the Technology, Retail and Chemicals sectors propelled shares higher. At the close in Frankfurt, the DAX rose 1.16%, while the MDAX index gained 1.01%, and the TecDAX index climbed 1.54%. Advancing stocks outnumbered falling ones by 509 to 200 and 74 ended unchanged on the Frankfurt Stock Exchange. The DAX volatility index, which measures the implied volatility of DAX options, was down 0.08% to 14.53. DAX is expected to trade positive across the day on signs of strong internal economy which was indicated in yesterday’s IFO business climate data and news of Trump and Merkel supporting continued trade related talks between US & EU. This news coming at a time when markets also saw news of Trump supporting Italian goverment on its decision which puts Italy at odds with EU has turned out to be positive influence on equity markets.
EU-US Trade Talk News Provides Positive Influence to DAX
Asian shares advanced on Tuesday and the U.S. dollar hovered near its lowest in a month, with risk appetite sharpened by the United States and Mexico reaching a deal to overhaul the North American Free Trade Agreement. Investors expect Canada would also agree to new terms to preserve a three-nation pact, ultimately dispelling the economic uncertainty prompted by U.S. President Donald Trump’s repeated threats to ditch the 1994 NAFTA accord. Improved trade outlook was also boosted by news that Washington was pressing the European Union to accelerate tariff talks which helped USD make a rebound ahead of European market hours.
Chinese market was mixed at close of the day, however other key markets such as Singapore, Hong Kong and Japan were positive for the day providing bullish influence to European equities. DAX futures which traded in international market ahead of European market hours were positive with nearly 0.30% increase in value which also added bullish support to DAX equity market. DAX opened positive for the day and is trading at 12573.02 up 0.28% on the day as 20 of 30 stocks that make up DAX 30 traded in green. France CAC 40 also trades positive for the day indicating that bullish sentiment is prevalent in Key European markets which supports possibility of positive performance of major European equities across the day.
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