The German stock market was listed in green on Friday.
The DAX rose to the start and was able to expand its plus in the further course. He even crossed the 24,000-point mark. He said goodbye to 1.62 percent more than 24,033.22 points into the weekend.
The Tecdax Started just as firmly and also won afterwards. He ended the trade week with surcharges of 0.88 percent to 3,873.41 points.
The German stock market continued its upward movement on Friday and posted a clear weekly win. He also made it through the 21-day line, which is considered an indicator of the short-term trend. The geopolitical location in the Middle East took a back seat again. The attention of investors is now increasingly aimed at the AI boom, the planned increase in expenditure of NATO, Germany’s billion dollar infrastructure projects as well as the continuing customs conflicts between the USA and the EU and the further monetary political development in the United States.
Click here for the complete index overview
The European stock markets were strong at the time of the week.
The Euro Stoxx 50 opened higher and then rose significantly. Ultimately, he showed 1.56 percent higher at 5,325.64 points.
“The news that ten more trade deals could be on the move is well received on the floor,” said Thomas Altmann from QC Partners. The asset manager emphasized that the trade dispute had heavily burdened the markets this year. “More deals could now remove this brake block a bit,” continued Altmann.
However, new inflation data from Europe and the United States hardly influenced market events – rather the attention of investors was rather aimed at trading policy development. US trade minister Howard Lutnick had previously stated that the United States had agreed with China on a trade agreement, and there would be further agreements with ten additional partner countries. At the same time, the EU signaled its willingness to a trade agreement with the United States. Opposite Bloomberg, Lutnick described the agreement as a framework agreement. According to this, the EU Commission should make concessions – in particular by loosening the Digital Market ACT in favor of the European automotive industry.Click here for the complete index overview
Wall Street said goodbye to the weekend with higher quotes.
The Dow Jones was particularly friendly and increased by 1.0 percent to 43,819.27 points.
With the tech value index Nasdaq Composite The growth was a little weaker. He closed 0.52 percent higher at 20,273.46 points.
The US exchanges said goodbye to a trade characterized by volatility on Friday. Investors fluctuated between hope and fear when it comes to customs dispute. If the investors were still bet on progress in the settlement of the US Customs dispute with various countries, their hopes received a bitter damper than US President Donald Trump announced the demolition of the talks with Canada.
President Trump justified the demolition of negotiations with the northern neighbor with his “outrageous” taxes on dairy products and digital services for US technology companies. Before his message, the prospect of further agreements between the United States and trading partners had optimistically voted the investors. The background was a report that the United States and China should have signed an agreement to restore the trade peace. According to Commercial Minister Howard Lutnick, ten further trade agreements should be imminent. On the part of the EU, it was said that one wanted to approach the United States on customs issues. On Friday, US President Donald Trump was confident that he would soon conclude a trade agreement with India. He also fueled hope of an end to the Middle East conflict. Iran wanted to meet, he said during a press conference in the White House. He did not believe that the Iranians soon take up their nuclear program again, he added.
Click here for the complete index overview
At the start of the week, the stock markets in the Far East are mostly friendly.
In Tokyo, the Japanese leading index pulls Nikkei 225 Currently by 1.37 percent to 40,701.37 points.
On the Chinese mainland, the Shanghai Composite Meanwhile, slightly by 0.20 percent to 3,431.18 points.
The Hang Seng In addition, in Hong Kong, by 0.42 percent after to 24,182.95 units.
Positive guidelines from Wall Street and the speculation on favorable trade agreements with the USA before the end of the deadline set by President Trump on July 9th, the stock exchanges in Asia support on Monday. US trade minister Lutnick and Minister of Finance Bessent had announced that the United States would be prior to completing numerous trade agreements. Previously, the report had made confidence in the previous week that the United States and China found an agreement.
Meanwhile, new business data from China hardly ensure movement – they have been close to expectations. The shopping manager index for the processing industry remained as expected in June as expected in the shrinkage, but improved easily at least compared to the previous month. The index of the service industry easily exceeded the expectation, it is just above the threshold that signals growth.
Click here for the complete index overview