Dax starts the new stock market week unchanged amid geopolitical and economic focus

The leading German index is still looking for clear impulses. Investors will be looking at the bond market and economic figures on Monday. How does the Dax start the new stock market week?

Price table of the Frankfurt Stock Exchange. Photo: Handelsblatt

Dusseldorf. The most important question at the start of the coming week is whether the Dax can continue its positive development from Friday. The leading German index climbed back above the 25,000 point mark and closed 1.2 percent higher at 25,231 points.

On Monday morning the trend does not appear to be continuing. The Dax is quoted unchanged on over-the-counter platforms pre-market.

At the start of the new week, the focus continues to be on geopolitical developments in the Middle East and Ukraine. The strongly fluctuating oil prices have an impact on the Dax. Oil prices fell significantly again on Friday. North Sea Brent crude oil cost less than $100 per barrel again.

Investors are hoping that economic figures will send positive impulses. Various countries announce new figures for their purchasing managers' indices. They are considered early indicators of the economy.

In addition, the USA and France are issuing new short-term government bonds.

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

The US labor market report for September created a good mood on the markets on Friday. The major US indices close in the evening in positive territory and sometimes reach records during the day.

The Dow Jones of standard values ​​gained 0.5 percent to 51,176 points after days earlier it had temporarily fallen to its lowest level since mid-June.

The broad S&P 500 gained 0.7 percent to 7,722 points.

After its initial record, the Nasdaq technology exchange advanced 1.2 percent on a daily basis and closed at 27,190 points. The chip manufacturer Nvidia in particular contributed to this.

The Nasdaq 100, a reflection of the 100 non-financial companies with the highest market capitalization, gained one percent to 30,807 points. He also previously achieved a record.

2 – Stock exchanges in Asia

The prospect of an interest rate break in the USA drove the Asian stock markets at the start of the week.

In Tokyo, the Nikkei index, which includes 225 stocks, rose by 2.5 percent to 70,038 points on Monday.

The broader Topix was 1.2 percent higher at 4,139 points.

However, trading volume was low because the Shanghai Stock Exchange was closed for a holiday.

The index of major companies in Shanghai and Shenzhen was also not traded. Trade was also halted in South Korea and parts of Australia.

3 – Turkish Inflation

In Turkey, the state statistics office reports how inflation developed in September. The decline recently stopped, so the inflation rate is still over 30 percent. This could put the local currency, the lira, under pressure. Analysts are speculating that the Turkish central bank will cut the key interest rate at its October meeting despite high inflation.

4 – Purchasing Managers Indices

Purchasing managers' indices are published throughout the day for countries around the world. For Germany, for example, the index for the manufacturing sector is coming, but Japan, France, Great Britain and the USA also announce fresh survey results. They are considered reliable early indicators of the economy, so investors follow the publications closely. Especially in the USA, higher values ​​could cause interest rate expectations to rise further.

5 – Bond Auctions

Auctions for short-term government bonds are coming up in France and the USA. They usually receive little attention, but given the recent rise in yields in the bond market, investors may take a closer look this time to see how much demand there is.

6 – Nagel speaks

Bundesbank President Joachim Nagel gives a speech at a conference in Italy. Investors will pay attention to information regarding the European Central Bank's further interest rate policy.

Appointments company

9:00 a.m. Germany: VDMA, order received 8/26

Austria: Andritz, Capital Markets Day

Germany: Deutsche Telekom, AI Investor Day

Germany: Federal Motor Transport Authority (KBA), new registration figures 8/26

France: Air Liquide, Capital Markets Day

Dates economic situation

02:30 Japan: Purchasing Managers Index Services 9/26 (2nd publication)

09:15 a.m. Spain: Purchasing Managers Index Services 9/26

9:45 a.m. Italy: Purchasing Managers Index Services 9/26

9:50 a.m. France: Purchasing Managers Index Services 9/26 (2nd publication)

9:55 a.m. Germany: Purchasing Managers Index Services 9/26 (2nd publication)

10:00 a.m. Europe: Purchasing Managers Index Services 9/26 (2nd publication)

10:30 a.m. Europe: Sentix Investor Confidence 10/26

10:30 a.m. Great Britain: Purchasing Managers Index Services 9/26 (2nd publication)

11:00 a.m. Europe: Producer prices 8/26

3:45 p.m. USA: Purchasing Managers Index Services 9/26 (2nd publication)

4:00 p.m. USA: ISM index

Related topics

USADaxGermanyFranceEuropeDow Jones

With agency material.

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