Dow Jones recovery gives Dax a boost - focus on quarterly balance sheets. US inflation shock digested, expectations of falling interest rates unchanged.
According to a report from www.boerse.de, the rally on Wall Street is expected to give the German stock market a boost on Friday. The US leading index Dow Jones Industrial rose significantly after the close of trading, and the German leading index DAX is expected to follow this trend. The EuroStoxx 50 is also expected to gain 0.9 percent on this trading day. The negative surprise from US inflation data from the previous day was thus shaken off, and portfolio manager Thomas Altmann from QC Partners emphasized that the US stock markets have already recovered significantly and that Europe's stock markets will follow this trend. The quarterly balance sheets of major US banks could set the next tone. In addition,...

Dow Jones recovery gives Dax a boost - focus on quarterly balance sheets. US inflation shock digested, expectations of falling interest rates unchanged.
According to a report by www.boerse.de, the rally on Wall Street is expected to give the German stock market a boost on Friday. The US leading index Dow Jones Industrial rose significantly after the close of trading, and the German leading index DAX is expected to follow this trend. The EuroStoxx 50 is also expected to gain 0.9 percent on this trading day. The negative surprise from US inflation data from the previous day was thus shaken off, and portfolio manager Thomas Altmann from QC Partners emphasized that the US stock markets have already recovered significantly and that Europe's stock markets will follow this trend. The quarterly balance sheets of major US banks could set the next tone. In addition, the bank Morgan Stanley lowered its thumb for some chemical stocks, which led to price losses for Brenntag, Lanxess and Wacker Chemie.
These current developments are expected to have an impact on the market. The recovery on the US stock market could strengthen the German stock market and ensure positive price developments. The quarterly reports from major US banks could also have an impact on expectations for the financial industry. In addition, Morgan Stanley's negative assessment of certain chemical stocks is likely to have a short-term impact on these companies.
Overall, it can be seen that current developments on the stock markets are influenced by various factors. As a financial professional, it is important to carefully analyze these developments and calculate their potential impact on the market and the financial industry. Short-term price movements can change quickly due to various factors and it is important to continually monitor market conditions.
Read the source article at www.boerse.de