DAX expects a friendly start to the new year 2024 - stock exchanges in the Far East, on the other hand, are off to an easier start, cyber attacks and oil prices are causing movement

DAX expects a friendly start to the new year 2024 - stock exchanges in the Far East, on the other hand, are off to an easier start, cyber attacks and oil prices are causing movement

According to a report by www.finanzen.net,

The German stock market is starting the new year 2024 positively, while the stock exchanges in the Far East are starting the year lighter. The mood in China's industry has surprisingly deteriorated and the telecommunications equipment manufacturer Nokia no longer expects to achieve its annual targets. Oil prices have risen due to tensions in the Red Sea and the euro is weakening slightly.

Given this information, investors should keep an eye on recent developments in the markets. The friendly start of the DAX could have a positive effect on the German stock market and lead to an increase in prices. However, negative developments in Chinese industry could lead to investor uncertainty and a decline in global stock markets.

Nokia's retreat from its annual targets could have a negative impact on the company itself and lead to a decline in its share price. Rising oil prices could impact costs for businesses and consumers, as higher energy costs could make products and services more expensive.

The devaluation of the euro could have a positive effect on the export of German goods as they become cheaper abroad. At the same time, imported goods and services could become more expensive, which could affect consumer prices.

It is therefore advisable to closely monitor developments in the markets and pay attention to possible effects on the economy and consumers.