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Frankfurt am Main (APA / dpa-AFX) – European stock markets should follow strong Wall Street forecasts on Thursday with a higher initial trend. On the basis of favorable signals from the US Federal Reserve, the X-Dax signals a 0.60% increase to 11,367 points for the German index, about an hour before the start of negotiations. The Euro-Stoxx-50 should be a little stronger.
If the DAX can exceed the 11,400 point threshold, it could leave its downward trend since the end of September. The November summit at nearly 11,690 points would return to the center of attention.
After a speech last night by Fed Chairman Jerome Powell, market players hoped that central bankers would be more cautious in future interest rate hikes. "We know that the economic impact of our rate hikes is uncertain," Powell said, noting that the publication of the impact could take up to a year or more. Börsianer the performer so as to allow a break in interest for the coming year.
The G20 summit to be held in Buenos Aires on Friday and Saturday could be a drag. "At best, US President Trump and Chinese President Xi Jinping agree on a ceasefire in the trade war," said Vontobel chief badyst Frank Häusler. This could at least initiate a de-escalation. However, expectations on the financial markets will probably not be too high.
For individual values, it's pretty quiet before the fair. Infineon's newspapers are in high demand, following the diaries of its US colleague Micron Technology. At an investor conference, the semiconductor maker sent more optimistic signals, said a stockbroker on investor injuries in the newly affected industry.
It has also been on sale for Tele Columbus papers. The cable operator confirmed the capped forecasts for the end of August.
~ ISIN EU0009658145 ~ APA062 2018-11-29 / 08: 42
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