DAX Index Daily Price Forecast – DAX to Trade Positive on Sino-U.S. Trade Talk Optimism

Dax to trade positive on cues from international market ahead of Sino-U.S. trade talks.
Colin First
DAX Tuesday

European market yesterday saw major indices and equities trade with mixed momentum as lingering influence from Friday’s speech by European central bank executive board member Coeure’s speech on plans for TLTRO continued to weigh down investor sentiment in the European equity market. However positive cues from US Wall Street and Asian equities influenced by Sino-U.S. trade talk optimism limited decline in the market. On the release front, macro data calendar was silent yesterday and trading volume was further reduced as investors held back from placing bets ahead of Euro area ZEW updates scheduled to release today. At end of the trading session yesterday, the German stock market saw divided outcome despite bulls recovering momentum later in the day.

Macro Data Outcome To Provide Directional Cues For DAX

While sectoral indices data hinted at positive closing for the week, DAX index which is the benchmark of Frankfurt stock exchange used to measure the overall performance of equities closed on neutral note. Out of total 778 stocks trading in the exchange, 400 stocks closed in green while 72 closed unchanged at end of trading session. As per data on the performance of sectoral indices from Frankfurt stock exchange, 10 of 18 sectoral indices closed positive for the day and stocks from Software, Media and retail sectors were the top gainers of the day seeing more than 1% increase in value. While DAX closed near neutral levels, other two major German indices saw a upside move and DAX, MDAX & TECDAX indices closed for the day with -0.01%, 0.57% & 1.48% change in value respectively.

Asian equity market today opened positive and traded in green on all major markets as optimism surrounding Sino-U.S. trade talks continue to underpin demand for risk assets. A new round of trade talks is set to being in Washington, the U.S.A. later today and optimism surrounding same is expected to keep investor sentiment in favor of risk assets in all major global markets. DAX futures trading in the international market were up by 0.69% on the day ahead of the Frankfurt market opening. Positive cues from US Wall Street and Asian market are likely to inspire positive opening in German equity market today. But disappointing macro data update in Euro area macro calendar today could induce a dovish decline later in the day.

Please let us know what you think in the comments below

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

Top Promotions

Top Brokers

The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.