Yahoo Finance DAX Index Price Forecast – German DAX Opens Positive on Hawkish Influence from Allied Markets
Germany equities were higher at the close on Wednesday, as gains in the Food & Beverages, Transportation & Logistics and Consumer & Cyclical sectors propelled shares higher. At the close in Frankfurt, the DAX rose 0.52%, while the MDAX index added 0.27%, and the TecDAX index gained 0.15%. Advancing stocks outnumbered falling ones by 403 to 285 and 90 ended unchanged on the Frankfurt Stock Exchange. The DAX volatility index, which measures the implied volatility of DAX options, was down 3.29% to 16.37. European markets yesterday closed on positive note as risk sentiment returned to European market. US equity market yesterday had mixed closing however risk appetite still remains prevalent on global markets as major currencies continue to perform well across key markets.
Subdued US Greenback on News of Sino-U.S Trade Talks Help Equity Markets Take Positive Turn
Asian shares advanced on Thursday on news the Trump administration has reached out to China for a new round of trade talks, which raised hopes for a deal easing the bitter tariff dispute between the world’s two biggest economies. Senior U.S. officials led by Treasury Secretary Steven Mnuchin recently sent an invitation to their Chinese counterparts, including Vice Premier Liu He, to hold another bilateral trade meeting. This development comes as more than 85 U.S. industry groups launched a coalition on Wednesday to take public its fight against President Donald Trump’s trade tariffs. Tariff war has escalated far beyond what business groups once imagined as the administration prepares to activate duties on $200 billion worth of Chinese goods, hitting a broad array of internet technology products and consumer goods from handbags to bicycles to furniture.
With Key markets across Asia performing positive, European markets are expected to see positive influence ahead of London market hours. German DAX Futures trading in international market ahead of London market hours was up by 0.43% on the day. European markets opened positive for the day supported by subdued dollar and increased risk appetite. German DAX is trading positive up 0.25% on the day and is expected to continue trading positive across today’s market hours supported by positive market performance in allied European markets.
This article was originally posted on FX Empire
