DAX Index Price Forecast – German DAX Opens Positive amid Mixed Global Cues

Germany equities were mixed at the close on Tuesday, as gains in the Basic Resources, Media and Industrials sectors propelled shares higher while losses in the Telecoms, Utilities and Construction sectors led shares lower. At the close in Frankfurt, the DAX declined 0.09%, while the MDAX index gained 0.39%, and the TecDAX index fell 0.09%. Declining stocks outnumbered rising ones by 364 to 343 and 75 ended unchanged on the Frankfurt Stock Exchange. The DAX volatility index, which measures the implied volatility of DAX options, was up 0.14% to 14.55. European stocks ended the session little changed in negative territory on Tuesday, after struggling for direction for much of the session amid trade optimism that lifted the euro to its strongest level against the dollar since July.The currency move provided some resistance for multinational companies in the region.

Investors Focus on Macro Data From Both Sides of Atlantic Before Placing Major Bets

The euro’s strength that weighed on European multinationals came on the back of a weaker U.S. dollar, which in turn had fallen as investors breathed some relief over global trade wars. Meanwhile, Trump spoke by telephone to German Chancellor Angela Merkel on Monday, with the two strongly supporting “ongoing discussions between Washington and Brussels to remove barriers to a deeper trading relationship” the White House said in a statement, according to Reuters. Any positive news on EU/US trade talk proceedings is expected to boost European equities. Asian shares crept marginally higher on Wednesday as optimism over the U.S.-Mexico trade deal was quickly clouded by caution ahead of a looming deadline on tariffs with China.

European markets today see mixed influence as key Asian markets were divided ahead of London market hours with investors taking a cautious stance ahead of US GDP data. However US Greenback yesterday found some bullish momentum as treasury yields rose and macro data boosted positive sentiment surrounding equity market and US greenback. European investors are now focused on release of Gfk consumer confidence in Germany and consumer spending & GDP data in France. German DAX futures which traded in international market were up by 0.10% ahead of German market hours. German DAX opened positive for the day and is currently moving at 12554.5 up 0.08% on the day as 18 of 30 stocks that make up DAX trade positive. Depending on macro data outcome DAX could turn range bound during today’s market hours.