Corona Virus
Stay Safe, FollowGuidance
Fetching Location Data…
Colin First

Germany equities were mixed at the close on Tuesday, as gains in the Food & Beverages, Software and Basic Resources sectors propelled shares higher while losses in the Retail, Chemicals and Industrials sectors led shares lower. At the close in Frankfurt, the DAX rose 0.25%, while the MDAX index lost 0.31%, and the TecDAX index added 0.81%. Declining stocks outnumbered rising ones by 389 to 306 and 81 ended unchanged on the Frankfurt Stock Exchange. The DAX volatility index, which measures the implied volatility of DAX options, was unchanged 0.00% to 16.85 after market closed yesterday. Brussels seems to have made some headway in brexit negotiations which could have some positive influence during today’s market hours but is highly unlikely to cause major change in price action.

German Equities Likely To Move Downtrend On Dovish Investor Sentiment in Local Market

Asian shares barely moved on Wednesday after world stocks hit eight-week lows the previous day on worries about global economic growth, although the British pound stayed firm on hopes for a Brexit deal. As uncertainty continues to prevail in financial markets across the world, many investors are staying on the sidelines until more clarity emerges in U.S. Treasury and Chinese markets. Wall street saw mixed outcome with two of three major indices closing in red as US treasury yields retreated post hitting new highs. Analysts believe comments on Tuesday by U.S. President Donald Trump helped cool Treasuries yields. He said the Federal Reserve was going too fast in raising rates when inflation was minimal and government data pointed to a strong economy.

With major Asian indices taking mixed stance ahead of European market hours, Euro trading positive across Asian market hours, risk appetite remains relatively active among global investors. However DAX futures trading in international market has shown a slightly bearish tendency across Asian hours as the instrument traded with 0.04% to 0.12% decrease in value ahead of Frankfurt market opening indicating dovish sentiment surrounding German equities. DAX closed near flat and moved range bound during yesterday’s market hours. DAX is expected to open dovish and move on steady bearish path near yesterday’s lows during today’s early European market hours.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk