Financial expert sees recovery in the US stock market as a driving force for the German market

Financial expert sees recovery in the US stock market as a driving force for the German market

According to a report by de.investing.com, financial experts expect the recovery on Wall Street to give the German stock market a boost on Friday. After an initial decline, the US leading index Dow Jones Industrial Average made up for its losses. Against this background, the DAX is trading with an increase of 0.7 percent to 16,666 points.

The Dax has thus shaken off the negative effects of the US inflation data from the previous day. The Eurozone's leading index, the Euro Stoxx 50, is also expected to gain 0.9 percent. According to Thomas Altmann, a portfolio manager at asset manager QC Partners, investors have digested the US inflation shock well and European stock markets will follow suit.

The quarterly financial statements of major US banks such as JPMorgan, Bank of America, Citigroup and Wells Fargo could influence the next market moves. The business figures from these banks are expected and should show whether the year-end rally on the stock market is underpinned by strong profits.

Bank Morgan Stanley has lowered its thumb on some chemical stocks, including Brenntag, Lanxess and Wacker Chemie, which posted premarket losses on Tradegate. The aircraft manufacturer Airbus delivered 735 commercial aircraft last year despite strained supply chains, outperforming its US competitor Boeing. These positive developments led Airbus shares to rise 0.9 percent on Tradegate, taking them to a record high.

The expected quarterly balance sheets and developments in the chemical and aviation industries could influence price developments on the financial markets. Investors should keep an eye on these developments as they could impact the market in the coming days.