The German stock market showed its lethargic side for long stretches yesterday. In the afternoon, however, the Ukraine crisis caught up with him again and prices went down. The mood on the European stock markets as a whole remains shattered, said analyst Jochen Stanzl from broker CMC Markets. “At the moment there is simply no peace on the stock exchanges,” said portfolio manager Thomas Altmann from asset manager QC Partners. “The risk cocktail from the turnaround in interest rates and the Russia conflict is still present.”
Difficult signs also for the last trading day of the week. Can he do it? dax, to go out with a weekly plus? The leading German stock exchange index has to surpass 15,425 points – an almost impossible task under these conditions.
Today, data-wise, things are looking thin. The insurance giant is waiting in the Dax in the morning alliance with year numbers. It is also worth mentioning company data from Renault SA from France.
When it comes to economic data, Schmalhans is the master chef in Germany. For the euro zone will that consumer confidence for February as well as the current account called for December. From the USA come information on Leading Indicators Index for January. There is also data on Sale of existing houses – also in January.