|Day's range||12,316.35 - 12,432.66|
|52-week range||11,726.62 - 13,596.89|
Asian shares were mixed Wednesday, as some markets were cheered by bullish sentiments on Wall Street despite concerns about U.S. trade disputes with China. South Korea's Kospi was up 0.4 percent at 2,277.85. TRADE TENSIONS: Stocks have been buffeted by concerns about mounting trade tensions in recent months between the U.S. and China, set off by President Donald Trump's tariff policies.
Dax likely to see sideways movement in early European hours on mixed cues from allied markets as Asian markets performed positive while EURO seeing bearish influence from Turkey’s credit rate downgrade and Italian budget proceedings.
TOKYO (AP) — Asian shares were mostly higher Tuesday amid doubts about the prospects for resolving the trade dispute between the U.S. and China.
DAX opened uptrend on positive cues from wall street and Asian markets but Italian budget plans could put a dent in upwards movement.
Stocks rose late in the day Friday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported that the countries hope to have a resolution by November. The report came a day after China said it will send an envoy to Washington for the first talks between the countries since early June.
Dax likely to remain range bound today as Asian market momentum is expected to provide positive influence to German equities while Dax futures in international market trades in red ahead of European market hours.
TOKYO (AP) — Asian shares made moderate gains early Friday after U.S. stocks jumped on news China is preparing to resume trade discussions with the U.S., the first negotiations in more than a month.
The DAX30 has made a break below the trend line and at this point, it is still trapped below W L4 camarilla pivot. POC 12300-325 is the first POC zone that could initiate fresh selling if the price retests it. POC2 12500-520 is the POC2 with a very strong bearish confluence. However, we might see a direct drop without any retracement to POC zones. In that case, the target is 12045-65 zone. Watch for counter-trend moves and potential buyers within this zone.
DAX to open positive but possibility of upside movement remains limited on mixed global cues.
Wirecard AG, the fintech company that’s worth more than Deutsche Bank AG, edged closer to joining Germany’s blue chip DAX index after raising its earnings forecast for the second time this year. Wirecard jumped as much as 9.6 percent in Frankfurt after saying it now sees earnings before interest, taxes, depreciation and amortization of as much as 560 million euros ($637 million) this year, compared with an earlier prediction of 545 million euros. The raised outlook shows Wirecard’s business is “firing on all cylinders,” Robin Brass, an analyst at Hauck & Aufhaeuser, told Bloomberg.
TOKYO (AP) — Asian shares fell Thursday after deepening worries about global economic growth, particularly in China, set off a rout on Wall Street.
German market closed on positive note as investors made most out of temporary reprieve from Turkish crisis and is expected to remain positive as German banks have very little exposure to Turkish crisis.
U.S. stocks rallied Tuesday as banks, retailers, and smaller companies jumped. The Turkish lira steadied as officials from Turkey and the U.S. said the countries are in talks to ease diplomatic tensions, which have resulted in high tariffs on Turkish steel and aluminum. Stocks in emerging markets like Argentina, Russia and Brazil jumped.
Dovish Cues from International market and positive sentiment surrounding hawkish German macro data play tug off war resulting in DAX turning range bound.
Deutsche Bank AG and Commerzbank AG -- hold the indignity of being the worst performers among European peers this year. Commerzbank, a member of Germany’s DAX Index since its inception in 1988, is in danger of losing its membership to payments provider Wirecard AG, whose shares have climbed more than 30-fold over the last 10 years as the established player lost more than 90 percent of its value. Commerzbank -- with a market valuation of just 10.4 billion euros -- is the lowest-ranking member of the 30 companies that comprise the DAX, while Wirecard would place just outside the top 20, making it a potential entry candidate in the quarterly re-balancing in September.
German DAX to continue bearish movement as Turkish crisis weighs down European market while German 10-year bond yields edge lower in response to spike in safe haven investments.
NEW YORK (AP) — Stocks in the U.S. and Europe skidded Friday as investors worried about the financial stability of Turkey and how it might affect the global banking system.
DAX is expected to trade bearish today over dovish influence from trade war woes in Asian market and weak sentiment surrounding EURO as a result of Italy’s unsustainable spending spree.
DAX is expected to move range bound as investors remain cautious over mixed global cues such as Brexit woes affecting European markets & Sino-U.S. trade wars.
DAX likely to remain neutral as European and Asian stock markets show subdued momentum and German macro calendar remains silent for the day.
The U.S. Dollar is trading lower against a basket of currencies early Wednesday as demand for the greenback as a safe-haven asset due to concerns over the trade dispute with China seems to be fading amid a stronger offshore Yuan. European equities are trading mixed Wednesday as investors monitor Brexit developments and another round of corporate earnings. Essentially, investors are taking their cues from similar price action in Asian and U.S. markets.
German DAX opened on positive note as European markets took cues from gains in Asian market & investors focus on positive earnings in US wall street.
BEIJING (AP) — Global stock markets rose Tuesday as investors looked past U.S.-China trade tensions and the price of oil increased after the U.S. imposed new sanctions on Iran.
The consequences of the trade conflict between the US and China threaten to affect the growth of the entire region, which puts pressure on the yen as well. Global stocks trade slightly lower on Monday morning.