Financial experts are hoping for a golden October on the stock markets after a lousy September

Financial experts are hoping for a golden October on the stock markets after a lousy September

After the poor stock market month of September, many investors are hoping for a better October. October is a good time to buy stocks seasonally, but there have been crashes and panics in the past. Some experts remain calm, especially since a short-term solution to the budget dispute was found in the USA. At the end of the week, the German stock market continued its recovery from Thursday, but the stock market barometer fell by around one percent over the week. The quarterly balance sheet is also bleak, with a discount of almost five percent. Nevertheless, the DAX has remained positive since the beginning of the year. From a chart perspective, the leading index would have to exceed its 200-day line to achieve a golden October. However, according to experts, the chance of a year-end rally remains. The upcoming economic data will be crucial in determining whether the stock market pessimists retreat or whether a crash month is imminent. In addition, positive signals can also be expected from China, as the Chinese stock exchanges will remain closed all week. When it comes to inflation, experts are optimistic that the ECB's “higher for longer” scenario will continue to hold. The US labor market report is expected, a weakening in employment dynamics could lead to an easing of interest rate policy by the US Federal Reserve Bank. In the USA, a shutdown was avoided at the last second, so that the US economic data can be published as planned. The German company site has hardly any appointments in the coming week, most of which will take place on Thursday. Some companies such as Gerresheimer, Grenke and GFT publish quarterly figures or invite people to capital market days.+
According to a report by www.deraktionaer.de