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What’s next? – DAX 29.03.18

Mar 29 2018, 02:05 PM (+06) | Fortfs.com
The DAX futures were up 0.30 percent at 11,957 in early trading hours on Wednesday, with market participants awaiting a new batch of data to weigh market sentiment.
 
The German benchmark closed at 11,940.71 in Frankfurt on Tuesday, falling 30.12 points or 0.25 percent, with Technology, Basic Resources and Chemicals components pushing lower.
 
The best performers of the session were Beiersdorf, which added 3.52 percent or 3.080 points to 90.460. Merck followed with a 2.52 percent or 1.92 points gain at 77.96 and Henkel & Co was up 2.01 percent or 2.10 points to 106.50.
 
The worst performers of the session were Infineon Technologies, which dropped 4.01 percent or 0.900 points to 21.560. Deutsche Lufthansa fell 2.87 percent or 0.740 points to 25.020 and Commerzbank lost 1.90 percent or 0.206 points at 10.644.
 
Yesterday, Gfk consumer climate for April came in at 10.9 points, above an estimated 10.7 points and a prior month reading of 10.8 points.
 
Ahead in today’s session, investors will be focusing on the release of Germany’s unemployment change and rate for March at 08:00 GMT. The CPI is next at 12:00 GMT. 
 
Meanwhile in the UK, business investment for the fourth quarter 2017, current account and the gross domestic product are all up at 08:30 GMT.
 
Later on in US hours, Fed’s favorite inflation measure - the core PCE price index - is scheduled for release at 12:30 GMT. Data will come along with personal spending for February. Michigan University will release consumer expectations and sentiment surveys for March at 14:00 GMT.
 

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