DAX index is likely to open bearish and trade in red across the day over cues from international market but downside is expected to remain low. Global stocks extended their slump on Monday, with U.S. equity futures and Asian shares sliding on worries over slowing growth and fears that a fresh flare-up in tensions between Washington guide to successfully outsourcing software development and Beijing could quash chances of a trade deal. Meanwhile investor sentiment took a serious hit as trading session began for the week owing to weaker than expected macro data reports from major global economies such as U.S.A, China and Japan which is believed by many investors to be signs of slowdown in global economic growth.
Investors are also waiting for UK Parliament’s decision on PM May’s Brexit deal that 24option forex broker review could affect political and economic climate in Euro zone area significantly.
DAX Index Daily Price Forecast – DAX To Trade Dovish On Cues From Asian Counterpart
However the US Greenback is on back foot since late Friday influenced by U.S. jobs data and increasing market fears on Sino-U.S. Trade war escalation which combined with worries of economic growth everfx review hitting its peak in U. DAX futures trading in international market ahead of European market hours is down by 0.54% on the day despite the common currency trading positive in broad market.
- Trade war escalation which combined with worries of economic growth hitting its peak in U.
- Global stocks extended their slump on Monday, with U.S. equity futures and Asian shares sliding on worries over slowing growth and fears that a fresh flare-up in tensions between Washington and Beijing could quash chances of a trade deal.
- DAX index is likely to open bearish and trade in red across the day over cues from international market but downside is expected to remain low.
- Meanwhile investor sentiment took a serious hit as trading session began for the week owing to weaker than expected macro data reports from major global economies such as U.S.A, China and Japan which is believed by many investors to be signs of slowdown in global economic growth.
- However the US Greenback is on back foot since late Friday influenced by U.S. jobs data and increasing market fears on Sino-U.S.