Oil prices are likely to slow down the DAX

While oil prices provided relief yesterday, today they threaten to become the biggest burden on the stock market.

A tropical storm is heading toward the Gulf of Mexico, and Saudi Arabia reported another missile attack by the Houthi militia in Yemen. This caused the price of Brent oil to temporarily rise above $101 per barrel.

The rising oil prices are weighing on the stock exchanges in Asia. In Tokyo, the Nikkei index fell 0.7 percent, the South Korean Kospi lost 1.4 percent. The Shanghai stock exchange was closed due to the holiday.

The Asian markets cannot therefore benefit from further record highs on Wall Street. Both the broad S&P 500 and the Nasdaq 100 technology index reached new historic highs. At the end of trading, the S&P 500 had gained 0.6 percent and the Nasdaq 100 had gained 0.4 percent. The imagination surrounding artificial intelligence is unbroken.

The DAX is still likely to start the day with slight discounts. Yesterday evening, the German standard values ​​had already fallen behind their closing levels from Xetra trading.

Investors should also keep an eye on what is happening on the bond markets, especially in France. There, concerns about the record-high level of debt eased yesterday, causing the yield on ten-year government bonds to fall to 4.75 percent.

But the problem remains. The French government is trying to pass an unpopular 2027 budget to reduce the deficit - a difficult task in a deeply divided parliament where political camps are positioning themselves for the upcoming presidential election.

Before the stock market opens, the data on German industrial production will be published in August. Investors are looking even more excitedly at the minutes of the Fed's most recent meeting in the evening, which promise further information about the US Federal Reserve's interest rate course. However, a large majority do not expect an interest rate increase at the interest rate meeting on October 28th.