https://www.forex-news.com/
Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
, Red start of the week in the DAX, where did the pressure come from? | message, Forex-News, Forex-News
Bitcoin
$55,193.21
-6203.93
Ethereum
$2,145.95
-273.9
Litecoin
$262.61
-52.36
DigitalCash
$293.92
-84.44
Monero
$315.16
-41.87
Nxt
$0.07
-0.01
Ethereum Classic
$35.57
-7.38
Dogecoin
$0.32
+0.02

Red start of the week in the DAX, where did the pressure come from? | message

3
, Red start of the week in the DAX, where did the pressure come from? | message, Forex-News, Forex-News


, Red start of the week in the DAX, where did the pressure come from? | message, Forex-News, Forex-News

The stock markets were clearly under pressure at the start of the week. The ifo index published today also. What exactly is worsening the prospects in the markets? You can find out more about today’s trading day in the LS-X market report.

14,000 remains unreachable

The DAX started the week with premiums. However, there was too much distance to cover up to the round 14,000 mark. Even if the statistics spoke for the stock market, as Daniel Saurenz said this morning:

It stayed on top of a failed attempt. The Ifo business climate index was published as early as 10:00 a.m. It fell in January from 92.2 points in December to 90.1 points.

The mood in the German economy is sinking again, especially among the approximately 9,000 managers surveyed in the survey. They judged the outlook for their businesses to be far more unfavorable than just a few weeks ago. No wonder in the current lockdown phase, which could well last longer.

Ifo President Clemens Fuest said:

“The second corona wave temporarily ended the recovery of the German economy.”

Here you can see the course of the ifo as a graphic:

, Red start of the week in the DAX, where did the pressure come from? | message, Forex-News, Forex-News

Even if the retail sector has not “collapsed”, the cuts are still noticeable. Consumption stocks and the DAX as a whole were correspondingly weaker today.

It fell back to 13,605 points in the early afternoon, marking a multi-week low. He barely recovered from this, not least because of an equally weak Wall Street.

The daily parameters are noted here:

opening13,943.96
Day high13,946.85
Day low13,605.74
Previous day course13,873.97
Closing price13,643.95

Likewise the course of the stock market intraday:

, Red start of the week in the DAX, where did the pressure come from? | message, Forex-News, Forex-News

Which stocks were the focus of DAX trading today?

Stock movements in the DAX

Merck was the clear winner of the day in the DAX today. The pharmaceutical and chemical company from Darmstadt is now bringing its cancer immunotherapy Bavencio to the European market in a further application, as the European Commission offered by approval notice.

This allows initial treatment of patients with locally advanced or metastatic bladder cancer. For the company, this is another important step in diversifying its product pipeline.

The well-known “Corona winners” in the DAX were also strong today. This refers to real estate stocks such as Vonovia and the food service provider Delivery Hero, as well as Hellofresh from the second row.

MTU Aero Engines recorded sales again after reports from the Airbus industry were to cut production. Corona had broken out in the Hamburg plant. Around 500 employees are in quarantine.

You can see the ranking of the tops and flops at the LS-X here:

, Red start of the week in the DAX, where did the pressure come from? | message, Forex-News, Forex-News

How did this trading day affect the medium-term chart image?

Medium-term DAX chart image

We talked in detail about the outlined upward movement in the last few days and had it optically highlighted in the morning video:

, Red start of the week in the DAX, where did the pressure come from? | message, Forex-News, Forex-News

At the closing price it is now “official” that this upward trend has broken. The chart update is thus structured as follows:

, Red start of the week in the DAX, where did the pressure come from? | message, Forex-News, Forex-News

The 14,000 is no longer the defining topic on the market. Rather, it depends on whether the other quarterly figures in the USA, such as those from Apple and Microsoft, will give a hold and bring back the imagination for investors. Apple hit the 140 mark for the first time today.

We are happy to evaluate further dates and share stories with one of our traders on Tuesday in the pre-exchange.

Follow us for this information about the start of the new trading day on the youtube channel of the LS-Exchange.

The team at LS-Exchange and TRADERS ‘media GmbH wishes you a pleasant evening.

Risk notice: The analyzes, charts and tables are based on information which TRADERS´ media GmbH has developed and which we consider trustworthy. Although TRADERS´ media GmbH considers all information and sources to be reliable, no liability can be accepted for the correctness, completeness and topicality of the information contained. In particular, any liability is excluded for errors and accidentally incorrect reproduction, in particular with regard to prices and other figures. TRADERS´ media GmbH assumes no obligation to correct any inaccurate, incomplete or outdated information. This document is for information only. Under no circumstances does it contain offers, requests or recommendations to buy or sell securities or other financial instruments. The information contained in this document does not constitute a “financial analysis” within the meaning of the German Securities Trading Act, nor does it meet the legal requirements to guarantee the impartiality of financial analysis and is not subject to any prohibition of trading prior to the publication of financial analyzes. In particular, they may differ from the analyzes of financial instruments and their issuers (research) published by TRADERS´ media GmbH. Before making any investment decision, you should consult your investment advisor. Foreign legal systems may contradict or restrict the distribution of this document. The copyright for all contributions lies with TRADERS´ media GmbH. All rights reserved. Reproduction only with the special permission of the company.



, Red start of the week in the DAX, where did the pressure come from? | message, Forex-News, Forex-News

Get real time updates directly on you device, subscribe now.

, Red start of the week in the DAX, where did the pressure come from? | message, Forex-News, Forex-News

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More