^GDAXI - DAX PERFORMANCE-INDEX

XETRA - XETRA Delayed Price. Currency in EUR
12,228.44
-46.13 (-0.38%)
At close: 5:44PM CEST
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Previous Close12,274.57
Open12,226.88
Volume0
Day's Range12,213.41 - 12,284.57
52 Week Range10,279.20 - 12,886.83
Avg. Volume91,199,281
  • Futures Weighed by Geopolitical Tensions, Upcoming Fed Speeches in Focus
    FX Empire16 hours ago

    Futures Weighed by Geopolitical Tensions, Upcoming Fed Speeches in Focus

    The global equity markets were mostly lower ahead of the opening bell as investors digested tensions between Iran and the US. There are two Fed member speeches today that stand to move the markets, depending on the message conveyed.

  • European Equities: Iran Sanctions and the G20 Remain in Focus
    FX Empireyesterday

    European Equities: Iran Sanctions and the G20 Remain in Focus

    A lack of stats from the Eurozone will leave geopolitics front and center. Consumer confidence numbers and FED Chatter will also need to be monitored.

  • Reuters2 days ago

    GLOBAL MARKETS-Stocks mostly flat ahead of G20; dollar slips

    Global equity markets traded mostly flat on Monday as investors awaited U.S.-China trade talks the end of this week at the G20 summit, and the dollar fell to three-month lows on bets the Federal Reserve may cut interest rates more than once this year. European stocks stumbled on fears of an escalation in Iran tensions, which also kept gold prices near a six-year high. U.S. President Donald Trump targeted Iranian Supreme Leader Ayatollah Ali Khamenei and other Iranian senior officials with new sanctions on Monday.

  • GLOBAL MARKETS-G20 nerves hit Europe stocks; dollar slips to three-month low
    Reuters2 days ago

    GLOBAL MARKETS-G20 nerves hit Europe stocks; dollar slips to three-month low

    European stocks stumbled and the dollar hit three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week's G20 meeting and fears of an escalation in Iran tensions flared up. Investors are waiting to see if Presidents Donald Trump and Xi Jinping can de-escalate a trade war that is damaging the global economy and souring business confidence.

  • TheStreet.com2 days ago

    Dow Futures Rise, Global Stocks Edge Higher, as US-China Trade Detente Nears

    U.S. stocks look to extend gains this week, and possibly re-test all-time highs, as investors bet on both central bank support and a breakthrough in trade talks between Washington and Beijing. Global gains were tempered, however, by rising military tensions between the U.S. and Iran, as well as the threat of "significant" sanctions on Tehran following last week's downing of an unmanned U.S. military drone. Global oil prices edge higher as Secretary of State Mike Pompeo heads to the Gulf for talks with U.S. allies and prepares to announces Tehran sanctions.

  • European Equities: German Business Confidence and Geopolitics in Focus
    FX Empire2 days ago

    European Equities: German Business Confidence and Geopolitics in Focus

    The futures are pointing to a mixed start to the day. Rising tensions in the Middle East will likely test appetite for riskier assets on the day.

  • The Week Ahead: The G20, the Middle East and Stats in Focus
    FX Empire3 days ago

    The Week Ahead: The G20, the Middle East and Stats in Focus

    A G20 summit, talks of military strikes in the Middles East and economic data will keep the markets on their toes in the week ahead.

  • Markets Pause, Geopolitical Tensions Flare, Uncertainty May Cap Index Gains Next Week
    FX Empire5 days ago

    Markets Pause, Geopolitical Tensions Flare, Uncertainty May Cap Index Gains Next Week

    Global markets pause as geopolitical tensions flare, the S&P; 500 is sitting at a new all-time high but may not move much higher.

  • Global Equity Market Gains Limited by Rising Middle East Tensions
    FX Empire5 days ago

    Global Equity Market Gains Limited by Rising Middle East Tensions

    The new worry is a potential escalation of the tensions between the United States and Iran. This could limit gains today by encouraging investors to lighten up their long positions.

  • European Equities: Private Sector PMI Numbers in the Driving Seat
    FX Empire5 days ago

    European Equities: Private Sector PMI Numbers in the Driving Seat

    Can the CAC40 make it 5 out of 5? Monetary policy easing and hopes of an end to the U.S – China trade war have certainly played their part.

  • Markets Rally In Wake Of Fed, Central Bankers Turn Dovish, Trade Hopes Rise In Asia
    FX Empire6 days ago

    Markets Rally In Wake Of Fed, Central Bankers Turn Dovish, Trade Hopes Rise In Asia

    The global markets surge after the FOMC hints at rate cuts, is this the start of the next rally or the beginning of the end for 2019’s market recovery.

  • TheStreet.com6 days ago

    Dow Futures Suggest Fresh 2019 Highs as Fed Rate Signal Boost Global Stocks

    Global stocks rally as both the Fed and the Bank of Japan cite slowing growth and downside risks in signalling near-term rate cuts. Fed Chairman Powell defies Trump by holding rates steady, but primes market for multiple rate cuts between now and the end of the year. Global oil prices surge on reports of a U.S. military drone shot down by an Iranian missile near the Strait of Hormuz.

  • Reuters6 days ago

    UPDATE 3-European shares hit six-week highs as BoE bolsters Fed-fuelled rally

    European stocks surged to six-week highs on Thursday, as dovish signals from the Bank of England and Federal Reserve, allied to optimism around the resumption U.S.-China trade talks, saw investors piling into riskier assets. The pan-European STOXX 600 index finished 0.4% higher, with most country indices in the black as investors globally priced in the prospect of an easing of U.S. interest rates next month and more to follow.

  • European Equities: FED Reaction and Geopolitics to Provide Direction
    FX Empire6 days ago

    European Equities: FED Reaction and Geopolitics to Provide Direction

    A dovish FED should provide support in the early part of the day. Geopolitical risk and economic data will have an influence, however.

  • Markets Pause As Fed Meets, Trade-Related Optimism Grows, BOJ To Stimulate Industrial Sector
    FX Empire7 days ago

    Markets Pause As Fed Meets, Trade-Related Optimism Grows, BOJ To Stimulate Industrial Sector

    Markets pause in wait as the FOMC meeting progresses. The statement is due out today at 2 PM and could alter the course of U.S. monetary policy.

  • Trump Moves From Trade War Toward Currency War
    Bloomberg7 days ago

    Trump Moves From Trade War Toward Currency War

    (Bloomberg) -- Terms of Trade is a coming daily newsletter that untangles a world embroiled in trade wars. Sign up here. President Donald Trump has already given the global economy trade wars. Now there are signs he may be gearing up for a currency war, too.With a series of tweets on Tuesday aimed at the European Central Bank and an announcement by Mario Draghi, its president, that he was prepared to cut interest rates further below zero in response to Europe’s slowing growth, Trump made a rare American presidential intervention into another economy’s monetary policy.“Mario Draghi just announced more stimulus could come, which immediately dropped the Euro against the Dollar, making it unfairly easier for them to compete against the USA. They have been getting away with this for years, along with China and others,’’ he tweeted. Later, he added: “German DAX way up due to stimulus remarks from Mario Draghi. Very unfair to the United States!’’It was not the first time Trump has blamed currency manipulation overseas for a strong dollar that raises the cost of U.S. exports. He has already become unique among recent American presidents in a shift away from the “strong dollar’’ policy of his predecessors.By targeting Draghi directly and responding in real time to an overseas central bankers’ policy pronouncement, Trump was dialing up the heat -- just as his own Federal Reserve was gathering in Washington to decide on rates in a decision expected Wednesday. Coming just days ahead of a summit with other Group of 20 leaders in Japan, the salvo served to highlight his administration’s increasingly aggressive currency policies and the place he sees for them in his trade arsenal.“They are preparing the ground, they are laying out the potential tools they may have at their disposal,’’ said Cesar Rojas, global economist at Citigroup Global Markets Inc., though he added “we’re not at a currency war just yet.’’Finance ministers and central bankers this month agreed that a currency war -- a tit-for-tat push at times of slow economic growth to actively weaken foreign-exchange rates in order to boost exports -- is in no one’s interest. They reaffirmed commitments made in March 2018 to refrain from competitive devaluations.Last month, the U.S. Treasury increased the number of economies it scrutinizes to 21 from 12 and expanded its watch list from four to nine, adding countries such as Ireland, Italy and Singapore under new tougher criteria. It again refrained from labeling China a manipulator.The Commerce Department on May 23 proposed allowing U.S. companies to seek trade sanctions against goods from countries with “undervalued’’ currencies, though it said it did not intend to target independent central banks or their monetary policy decisions. The administration has also been pushing to include currency provisions carrying the threat of sanctions in new U.S. trade agreements.There are plenty of economists who argue the U.S. should take a more forceful approach to addressing currency manipulation by trading partners. Some have even called for a 21st century Plaza Accord, the 1980s agreement that saw countries including Japan agree to engineer a devaluation of the dollar under pressure from the Reagan administration.Top PriorityIn a paper released this week, Brad Setser, a former U.S. Treasury official now at the Council on Foreign Relations, argued that “countering currency intervention by foreign governments should be a top priority of U.S. international economic policy.’’ If nothing else, other countries’ manipulation hurts the U.S.’s ability to use exports to recover following economic downturns, he wrote.In an interview on Tuesday, however, Setser said that Trump’s ECB intervention was misplaced, largely because Draghi’s comments were aimed at domestic conditions.“Most of the world recognizes that the ECB has failed to meet its inflation target and that with a slowing European economy there is pressure on the ECB to ease policy,’’ he said. Worse, Trump’s intervention could be seen as its own form of market manipulation, Setser said, and “feeds into a building narrative in Europe that the U.S. is a rogue actor under a rogue president.’’Trump has defied convention in a number of other ways, including his repeated criticisms of Federal Reserve Chairman Jerome Powell for raising interest rates. He asked White House lawyers earlier this year to explore his options for removing Powell as chairman.Joseph Gagnon, a senior fellow at the Peterson Institute for International Economics and another advocate of stronger U.S. currency policy, said the world was in an “uneasy peace’’ over currencies with China and other G-20 countries having in recent years accepted a U.S. push to refrain from competitive devaluations. In a June 6 note, Gagnon and a co-author said interventions by countries to weaken their currencies to affect their trade balance fell in 2018 to the lowest level since 2001.But the G-20 commitments are weak and “if there’s a global downturn, a global recession, countries would be very tempted to violate these terms and try to claim special circumstances,’’ he said. “There’s really no regime in place to sanction them or hit them, except the U.S. might do something.’’Trump may have some legitimate reasons to grumble. The “Big Mac” approach to gauging currency valuations shows the euro is about 15% too cheap. Since Trump launched his trade wars, China’s yuan has also fallen against the dollar, prompting the president to complain that it was undermining the impact of his tariffs and his efforts to raise pressure on Beijing.Those currency moves are widely seen as related to the weakening of the European and Chinese economies and a global economy that is looking increasingly fragile thanks in part to Trump’s trade wars. The fear, however, is that Trump’s anger over the currency shifts could also help fuel further trade actions, including tariffs he has threatened to impose on imported cars and parts from the EU but put on hold for 180 days.A drop below 1.10 for the euro-dollar rate could inflame Trump’s temper and make him more likely to impose those auto tariffs, according to Jens Nordvig, the founder of Exante Data LLC. The rate fell as low as 1.1181 on Tuesday after Draghi said additional stimulus may be needed and Trump levied his latest Twitter missive.To contact the reporters on this story: Shawn Donnan in Washington at sdonnan@bloomberg.net;Rich Miller in Washington at rmiller28@bloomberg.net;Katherine Greifeld in New York at kgreifeld@bloomberg.netTo contact the editors responsible for this story: Simon Kennedy at skennedy4@bloomberg.net, Malcolm Scott, Brendan MurrayFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • European Equities: It’s All About The FED
    FX Empire7 days ago

    European Equities: It’s All About The FED

    Futures point to another slow start to the day. With all eyes on the FED and no material stats to distract, it could be a testy day ahead.

  • Trump Today: President sets ‘extended’ meeting with Xi as he rebukes Draghi over possible new stimulus
    MarketWatch8 days ago

    Trump Today: President sets ‘extended’ meeting with Xi as he rebukes Draghi over possible new stimulus

    President Donald Trump on Tuesday said he’d hold “extended” talks with Chinese President Xi Jinping at next week’s G-20 summit, as he rebuked European Central Bank President Mario Draghi over a possible move to provide further monetary stimulus.

  • Trump hints that Fed should match possible ECB rate cuts
    Yahoo Finance8 days ago

    Trump hints that Fed should match possible ECB rate cuts

    President Trump tweeted Tuesday that the European Central Bank is "unfairly" devaluing its currency by hinting at lower rates, indirectly challenging the Federal Reserve to do the same.

  • Futures Up As Fed Meeting Starts, Utilities Lead In The EU, Asian Markets Remain Mixed
    FX Empire8 days ago

    Futures Up As Fed Meeting Starts, Utilities Lead In The EU, Asian Markets Remain Mixed

    Global equities move higher as the FOMC meeting gets underway, the committee is expected to alter the statement but traders are cautioned not to expect too much.

  • Investing.com8 days ago

    Euro Falls, Dollar Rises as Trump Puts Pressure on Fed to Cut Rates

    The euro was lower against the U.S. dollar on Tuesday, as U.S. President Donald Trump continued to put pressure on the Federal Reserve to ease rates by criticizing the European Central Bank. Trump slammed ECB President Mario Draghi, who earlier in the day hinted at more stimulus money and rate cuts in the if the eurozone economy does not improve. The president has been urging the Fed to cut rates, which have risen from 0% to 2.5% in the last three years.

  • European Equities: Economic Data and Trade War Chatter in Focus
    FX Empire8 days ago

    European Equities: Economic Data and Trade War Chatter in Focus

    The futures market is pointing to a mixed start to the day. Negative sentiment towards the ongoing trade war continues to limit the upside for the majors.

  • European Central bank prepares new stimulus
    Yahoo Finance Video8 days ago

    European Central bank prepares new stimulus

    The European Central Bank President, Mario Draghi, announced that a new stimulus package could be on the way. Yahoo Finance's Alexis Christoforous, Brian Sozzi, and Tom Belger break down the details.