|Day's range||11,314.60 - 11,566.79|
|52-week range||11,051.04 - 13,596.89|
As political woes in european market and news of possible tariff of European auto markets add bearish investor sentiment to European markets investors focus turns to Italian Budget for which EU’s deadline for making changes ends today.
Global trade tensions and potential debt contagion from Europe’s weaker economic regions has added to the uncertainty and prevented potentially bullish investors from buying on dips.
Weak China data and U.S. Fed rate hike expectations weigh on global equity market momentum.
Investing.com - Stocks in New York started lower Friday on inflation concerns and the continued decline in oil prices, which hit energy shares.
Major Asian indices lose over 1% as equity market saw pull back post most indices hitting one month high on rally inspired by US mid term election results.
Equity markets trade positive as risk appetite is high following us mid term elections outcome turning out to be in line with market expectations.
Key equity markets are trading in red over dovish cues from wall street and updates on various geo-political events which could lead to bearish opening in DAX but the index is expected to move range bound owing to cautious investor stance.
In order to understand the risks presented by the Italian economy, it is important to recognize why the situation in 2018 is so familiar to what we witnessed in 2011. Can Italy be the next Greece?
Equity markets across globe trade positive on increased risk appetite and positive cues from wall street, Dax is likely to take on positive momentum from cues from international market but upside could be limited owing to local political factors.
German equities to trade positive supported by increased risk appetite surrounding equity markets.
Dax to move positive supported by cues from Asian market and German political headlines.
Investors went for a wild ride on the stock market roller coaster last week. The number of daily swings in the equity indexes this past week has been rarely seen since the global financial crisis 10 years ago. After several days of plus or minus 2% swings, the S&P 500 ended the week on a weak note as slower-than-expected growth punished many of the previously high-flying stocks such as Amazon.com (A, stable) and Alphabet (AA, stable) and the contagion from these declines spread across the technology sector.
Dax to take dovish price action today owing to risk off investor sentiment induced by bearish cues from overseas markets.
DAX To trade range bound with bearish bias influenced by dovish cues from overseas market owing to geo-political and geo-economical factors.
Major Asian indices traded positive across Asian market hours and DAX futures also traded positive supporting hawkish opening of German equities for the day.
Dax index to move downwards as Euro finds no bid despite fall in Italian 10-year bond yields and increased risk off investor sentiment across key global markets.
DAX futures trades positive in international market with over 1% increase in value supported by positive EURO as Moody’s updated Italian Credit rating which is expected to support DAX on its bull run today.
FOMC Minutes from yesterday helped the USD to climb higher. That also negatively influenced stocks and commodities. The current price movements are in line with what we were writing about two days ago in the analysis about the USDJPY and DAX. Let’s start with the USDJPY first. The bounce from the long-term up trendline is ON and yesterday, the price managed to break the 50% Fibo, which gives us a buy signal. Today, we are testing that area as a support and we can see a bounce, which gives us a bullish confirmation.
DAX futures trading in international market was trading positive ahead of Asian market hours supporting positive price action in DAX index.