Stock market on October 19th: Five points that are important for investors today

Investors on the German stock market have recently appeared unimpressed by the global AI earthquake. Meanwhile, the reporting season is picking up speed. Are investors still optimistic?

Price table of the Frankfurt Stock Exchange. Photo: Handelsblatt

Dusseldorf. The leading German index is starting a new stock market week. In the previous week, the DAX defied new concerns about an end to the AI ​​boom and charted an upward trend.

On Friday, the Dax gained almost one percent and closed at 25,623 points. At the start of the new week, the trend does not seem to be continuing. On over-the-counter platforms, the Dax is trading slightly in the red pre-market.

The sell-off in tech stocks affected the Dax significantly less than other indices. Only a few companies that were affected by the sell-off are shown there. Nevertheless, the leading German index is also feeling the AI ​​tremor, as Handelsblatt market expert Ulf Sommer analyzes.

In the coming week, investors will again be looking at the developments in global tech stocks. Additionally, reporting season continues throughout the week.

On Monday, however, economic figures will be important first. China publishes its growth figures, labor market data and producer prices early this morning.

1 – Stock exchanges in New York: Dow Jones, S&P 500 and Nasdaq

Wall Street continued to increase its losses throughout the day on Friday. Investors were not impressed by US Federal Reserve Chairman Kevin Warsh's optimism regarding the US economic situation.

The Dow Jones standard shares lost 0.3 percent to 52,002 points.

The broader S&P 500 lost 1.1 percent to 7,659.

The Nasdaq technology exchange fell 2.1 percent to 26,140 points.

The Nasdaq 100, which tracks the 100 non-financial companies with the highest market capitalization, lost 2.5 percent to 29,188 points.

On Friday, Wall Street continued the week's stock market trend, which was characterized by a wave of sales in chip manufacturer stocks. Investors in the USA expect rising interest rates. They fear that interest rate pressure will particularly affect companies related to AI.

2 – Stock exchanges in Asia

Concerns about the immense costs of artificial intelligence (AI) weighed on Asian stock markets at the start of the week, while surprisingly strong economic data from China curbed losses. The Japanese stock market trended weaker on Monday.

In Tokyo, the Nikkei index, which includes 225 stocks, fell 1.2 percent to 64,534 points.

The broader Topix was trading 0.4 percent lower at 4,050 points.

The Shanghai Stock Exchange, however, gained 0.3 percent to 3,728 points.

The CSI 300 index with the 300 most important Chinese companies on the mainland stock exchanges rose 0.4 percent to 4,186 points.

In Japan, weak guidance from Wall Street and concerns about interest rates depressed the prices of technology companies. Central bank chief Kazuo Ueda signaled that core inflation is close to the target of two percent and that strong demand for AI is increasing price pressure. “While chip-related stocks drag the index lower, buying in value and defensive stocks is likely to support the market,” said Tokai Tokyo analyst Yuta Okamoto.

3 – China’s gross domestic product

Economic growth brought relief in China: gross domestic product rose by 4.5 percent in the third quarter, slightly more than in the previous quarter. In recent years, Chinese GDP has always grown between four and five percent.

4 – Consumer prices in Canada

In Canada, the central bank there releases data on the development of consumer prices. Accordingly, goods and services for private households have become more expensive by 2.3 percent. Since the country is very rich in natural resources, prices here are rising less rapidly than in Europe, for example, where in many countries the uncertainty surrounding the waterways in the Middle East, which are important for oil deliveries, is reflected in higher prices.

5 – US real estate market

In the USA, the HMI real estate market index shows what the mood is among builders. Values ​​below 50 are considered an indication of little new construction. A value of 34 is expected. The index was last above 50 two and a half years ago.

Appointments company

07:00 a.m. Austria: Bawag, Q3 figures

7:30 a.m. Germany: Norma Group, update strategy

5:45 p.m. France: Vinci, traffic figures

Switzerland: DSM-Firmenich, extraordinary general meeting

USA: Jefferies, Investor Day

USA: Trade Desk, Extraordinary General Meeting

Related topics

ChinaUSADaxGermanyDow JonesCanada

Dates economic situation

04:00 China: GDP Q3/26

04:00 China: Industrial production 9/26

04:00 China: Retail Sales 9/26

04:00 China: Investments in fixed assets and real estate until 9/26

8:00 a.m. Germany: Order intake from manufacturing sector 8/26

4:00 p.m. USA: NAHB Housing Market Index 10/16

With agency material.

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