Frankfurt (Reuters) – According to calculations by banks and brokerage houses, the Dax will start lower on Monday at the start of the new stock market week.
On Friday it closed 1.2 percent higher at 14,431.86 points thanks to dwindling interest rate hike worries.
Against this background, stockbrokers are eagerly awaiting the German producer prices, which are considered a leading indicator for overall inflation. From them they hope to draw conclusions about the further pace of interest rate hikes by the European Central Bank (ECB). Analysts expect prices to rise by 41.5 percent in October compared to the same period last year. In September, inflation was 45.8 percent.
Closing prices of European indices as of
on the previous trading day
dax
14,431.86
Dax future
14,407.00
EuroStoxx50
3,924.84
EuroStoxx50 Future
3,913.00
US indices closing prices at level change
previous trading day
Dow Jones
33,745.69 +0.6 percent
Nasdaq
11,146.06 +0.0 percent
S&P 500
3,965.34 +0.5 percent
Asian indices on Monday stand change
Nikkei
27,917.49 +0.1 percent
Shanghai
3,083.58 -0.4 percent
hang seng
17,726.94 -1.5 percent
(Report by Hakan Ersen. If you have any questions, please contact our editorial team at [email protected] (for politics and the economy) or [email protected] (for companies and markets).)