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What’s next? – DAX 16.03.18

Mar 16 2018, 02:31 PM (+06) | Fortfs.com

The DAX futures were 1.35 percent higher at 12,387 in Asian hours on Friday, with players looking ahead to key inflation data from the Eurozone.

 

The German benchmark closed at 12,345.56, adding 107.82 points or 0.88 percent, with Insurance, Technology and Consumer & Cyclical leading other sectors higher.

 

No relevant data was released on Thursday in Europe. Investors kept an eye on the US economic calendar. Initial jobless claims notched down to 226,000 against an estimated 230,000. The NY Empire State manufacturing index for March surpassed expectations at 22.50.

 

In other news, Philly Fed manufacturing index for March fell short on expectations at 22.3 vs a forecasted 23.2 reading. The import price index for February rose 0.4 percent.

 

The best performers of the session were Muench. Rueckvers., which added 2.78 percent or 5.05 points to 186.95. Volkswagen rose 2.74 percent or 4.30 points to 161.00 and Adidas was up 2.71 percent or 5.10 points to 193.00.

 

The worst performers of the session were E.ON, which dropped 0.94 percent or 0.087 points to 9.141. Bayer fell 0.81 percent or 0.77 points to close at 94.84 and RWE notched down 0.53 percent or 0.105 points to 19.815.

 

Ahead in today’s session, market players will be focusing on the release of Eurozone’s consumer price index for February. Analysts forecasted a 0.2 percent monthly build. Fourth-quarter wages in the EU are also scheduled at 10:00 GMT, with a 1.8 percent eyed.

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