Stock exchange on August 4: Seven points that are important for investors today
The Dax reaches the 26,000-point mark for the first time. Now investors are turning their attention to quarterly figures and important economic data from the USA.
On August 4th, seven key factors affected investors in today's trading on the DAX. The index achieved a record high for the first time, surpassing 26,001 points and increasing by 1.5 percent. The new high reached 26,097 points. Early Tuesday morning, the DAX remained unchanged on over-the-counter platforms. U.S. President Donald Trump announced the postponement of the largest U.S. military attack since World War II to allow for new negotiations with Iran.
Tehran, however, stated that no talks were taking place with the U.S. at the moment. On Tuesday, investors will primarily focus on the latest quarter results, with companies such as Lufthansa, Bayer, Continental, Zalando, and FMC presenting their data. Following the closure of U.S. markets, SpaceX released its first quarterly results since its IPO.
Economic data from the U.S. will come into focus in the afternoon, including trade balance, job openings, and industrial orders, which could influence expectations for the Federal Reserve's further monetary policy. These factors are expected to impact movements in European stock markets. Dow Jones, S&P 500, and Nasdaq indices in the U.S. also reacted positively to the potential easing of tensions in the Iran conflict, with the Dow Jones closing 1.3 percent higher at 53,178 points, slightly above 50 points from the record.
The broader S&P 500 increased by 1.5 percent, reaching 7,601 points. The Tech-Index Nasdaq rose by 2.1 percent and closed at 25,913 points. Asian markets, driven by positive U.S. indicators, generally gained on Tuesday. The MSCI index for Asian stocks outside Japan showed a firm gain of 0.1 percent. South Korea experienced the most significant increase with up to 2.1 percent.
The Nikkei Index in Japan declined by 0.3 percent. In the U.S., the trade balance for June will be announced at 2:30 p.m., with expectations of a slight decrease in the deficit to -73 billion dollars from -77.6 billion dollars in May. At 4:00 p.m., the U.S. Bureau of Labor Statistics will release the JOLTS Job Openings data, showing the number of available positions.
Analysts predict 7.42 million open positions, down from 7.59 million in May. At 4:00 p.m., the U.S. Bureau of Labor Statistics will also publish the On-Time Manufacturing Orders for June, which could signal optimism or pessimism about the economic outlook. SpaceX will release its Q2 earnings at 12:00 p.m. on Tuesday, followed by results from companies such as Lufthansa, FMC, Zalando, LEG Immobilien, Evonik, Continental, Hugo Boss, BP, HSBC, Bayer, Biontech, Pfizer, and AMD.
The schedule includes quarterly results from various international companies, as well as economic data such as the German trade balance, U.S. job openings, and labor market figures.
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