FRANKFURT / LONDON (IT BOLTWISE) – The prospect of new trade negotiations between the USA and China is causing optimism on the German stock exchanges. The DAX climbs to 24,264 points as markets look forward to upcoming US inflation numbers, which could influence the Fed’s interest rate strategy. The EuroStoxx 50 also shows positive trends, indicating a generally optimistic mood in the Eurozone.
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The German stock markets are currently experiencing an upswing, which is being spurred primarily by the hope of renewed trade negotiations between the USA and China. The DAX, Germany’s most important stock index, has reached the 24,264 point mark, which corresponds to an increase of 0.2 percent. This development is accompanied by a positive mood on the markets, which is also reflected in the EuroStoxx 50, the leading index for the Eurozone.
A decisive factor for this optimism is the planned meeting between US President Donald Trump and Chinese President Xi Jinping in South Korea. Markets are hoping for a trade deal that could improve relations between the two economic powers. These discussions are of great importance as they could influence trading conditions and therefore the economic outlook for many companies.
Another important aspect moving the markets is the upcoming US inflation figures. Analysts expect inflation to rise, potentially exceeding 3 percent. This development could influence the interest rate policy of the US Federal Reserve, which is planning to cut interest rates next week. However, higher inflation could lead to an adjustment of the interest rate strategy in the long term.
There were also some notable movements on the German stock market. Hensoldt’s share price rose by almost 5 percent in premarket trading after the company reported a good order volume. Rheinmetall also recorded price gains. In contrast, Nordex and Teamviewer suffered price losses because the investment bank Odd BHF withdrew its buy recommendations for these shares.
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