Current Dax: Dax increases slightly - chip values lose significantly
The chip manufacturers in the USA and Asia are under pressure, and German companies are not spared from this. Investors are looking forward with anticipation to the start of the balance sheet season in the USA.
The Dax index has opened at 25,416 points, up around 0.5 percent, holding onto its recent gains and staying above 25,000 points. This is slightly higher than Monday's close of just under 25,300 points. Several major US banks, including Goldman Sachs, JP Morgan, Citigroup, and Wells Fargo, are set to report their third-quarter earnings on Tuesday, ahead of the US market opening.
Other companies, such as BMW and Fraport, are also due to release their quarterly figures, which could cause market movement. Analyst Frank Sohlleder from ActivTrades expects increased volatility in the market.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
