DAX 30 Fundamental Forecast – September 14, 2016

The DAX 30 added 30 points to trade at 10462.00 recovering a bit of yesterday’s declines helped by the falling euro. Equities have been whipsawed after an unprecedented stretch of calm as investors remain on edge about central banks’ abilities to bolster the sluggish global economy. The European Central Bank signaled last week no rush to loosen monetary policy even as growth remains tepid, while the Fed and Bank of Japan will deliver decisions Sept. 21. The EIA’s shift on its outlook for crude supply rattled the market as investors speculate on OPEC’s ability and willingness to curb output.

The Stoxx Europe 600 Index slipped 0.2 percent and traded near its lowest valuation in more than a month, on an estimated earnings basis. The gauge earlier rose 0.6 percent. Commodity and energy producers fell the most, tracking declines in crude. Ocado Group Plc tumbled 14 percent after the online grocer forecast no respite from sustained short-term margin pressure.

FxEmpire provides a wide variety of analysis on a daily, weekly and monthly basis ranging from our exceptional technical analysis as well as our in-depth fundamental analysis along with our daily news and market updates. To get the best understanding of each asset it is important to review the short term daily analysis with the longer term monthly reports. To get email notification when each of these are posted please sign up for our daily newsletter.

Upcoming Economic Events that you should be monitoring:

 September 14, 2016

Government Bond Auctions

Date Time Country Auction

Sep 13 11:00 Netherlands Eur 2-3bn 0% Jan 2022 DSL

Sep 13 11:10 Italy Holds bond auction

Sep 14 11:05 Norway Holds bond auction

Sep 14 11:30 UK 0.125% 2046 I/L Gilt

Sep 14 11:30 Germany Eur 1bn 2.5% Jul 2044 Bund

Sep 15 10:30 Spain Holds bond auction

Sep 15 11:03 Sweden Holds I/L bond auction

Sep 15 11:50 France Holds bond auction