Current Dax: Dax starts almost unchanged - 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 has opened above the 25,000-point mark, at 25,207 points, holding onto its gains from previous trading days. The start of the earnings season is expected to put the stock market to the test in the coming weeks, with major US banks such as Goldman Sachs, JP Morgan, Citigroup, and Wells Fargo reporting their third-quarter results.
The International Monetary Fund (IMF) has released its new global economic forecast, predicting that Germany's economy will grow more strongly than expected this year and next. Meanwhile, oil prices remain a focus due to geopolitical tensions in the Middle East, with Brent crude falling around 1.5% to $105 per barrel. The IMF's annual meeting is taking place in Bangkok, with finance ministers and central bankers in attendance.
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.
