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What’s next? – DAX 16.02.18

Feb 16 2018, 01:52 PM (+06) | Fortfs.com

The German stock index DAX futures were 0.15 percent lower in early hours on Thursday, with market players awaiting a batch of speeches by ECB policymakers.

 

The benchmark ended on Thursday at 12,346 points in Frankfurt, adding 0.06 percent, with Industrials, Media and Food & Beverages sectors pushing higher.

 

The best performers of the session were Prosiebensat 1 Media, which added 1.58 percent or 0.480 points to 30.860. Meanwhile, Henkel & Co rose 1.52 percent or 1.60 points to 106.55 and Commerzbank was up 1.29 percent or 0.164 points to 12.836.

 

The worst performers of the session were RWE, which dropped 2.38 percent or 0.385 points to trade at 15.800. Deutsche Lufthansa lost 1.22 percent or 0.330 points to 26.750 and E.ON eased 1.19 percent or 0.096 points to 8.004.

 

No relevant data was released in Europe in the previous session. Attention was mainly directed to a series of speeches by European Central Bank policymakers.

 

European Central Bank executive board member Yves Mersch offered a fierceful defense on cash, adding that it's the ideal alternative to preserve privacy, equality and security.

 

"The easy accessibility to cash, especially for the elderly, the socially vulnerable or minors, allows people to participate in society and, for example, allows children to learn how to handle money [...] Printed euro banknotes will retain their place and their role in society as legal tender for a very long time to come. There is no viable alternative to euro cash.”

 

Ahead in the day, investors will be mainly focusing on UK retail sales for January, which are set for release as of 09:30 GMT, with an estimated monthly growth rate of 0.5 percent.

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