Dax currently: Dax opens unchanged – nervousness ahead of US midterm elections
In addition to the US midterms, the reporting season for major German companies is ongoing. Will the leading index manage to jump back above the 26,000-point mark at the start of the month?
The Dax started trading on Monday nearly unchanged at 25,797 points, after a slight correction on Friday. The index had previously reached over 26,100 points on Thursday, but was brought down by tech weakness in the US and Asia. Investors are now awaiting Apple's quarterly results and the US midterm elections on Tuesday, which could impact the market, particularly with regards to oil prices and inflation expectations.
The elections may also affect US President Donald Trump's influence and potentially lead to increased tensions in the Middle East. Oil prices have dropped slightly on Monday, with Brent crude costing $110 per barrel, down 3% from Friday.
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.
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