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What’s next? – DAX 20.03.18

Mar 20 2018, 12:39 PM (+06) |

The DAX futures were 1.32 percent lower at 12,252 in Asian hours on Tuesday, with market participants awaiting fresh data from Germany and the Eurozone.


The German benchmark ended the first session of this week at 12,217.02, easing 172.56 points or 1.39 percent, with Food & Beverages, Technology and Software components going down.


The best performers of the session were Beiersdorf, which added 0.50 percent or 0.440 points to 87.720. Vonovia rose 0.13 percent or 0.05 points to 38.75 and Commerzbank increased 0.05 percent or 0.006 points to 11.926.


The worst performers of the session were Deutsche Bank, which dropped 2.27 percent or 0.292 points to 12.550. Henkel & Co was down 2.26 percent or 2.50 points at 107.90 and Infineon Technologies declined 2.16 percent or 0.500 points to 22.700.


The Eurozone’s trade balance for January came in really short from expectations at a 3.3 billion surplus against expectations for a 22.6 billion euro reading.


Ahead in today’s session, trades will be looking ahead to the German producer price index for February at 07:00 GMT and ZEW current conditions and economic sentiment for March as of 10:00 GMT, with 13.1 and 28.1 points seen respectively.


Meanwhile, attention will also be directed to the United Kingdom and the latest consumer and producer price indexes for February as of 09:30 GMT.


These reports are likely to increase volatility for the cable and the EURGBP as the Bank of England will hold also this week its monetary policy meeting. No rate changes eyed.

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