With 14,075 points, the Dax in Thursday’s business with its daily high already briefly above the 14,000 mark, before the leading German stock exchange index then finally said goodbye to 13,980 points again below from trading. The plus of 1.4 percent or 185 points is still impressive and was also boosted by a strong Wall Street. The Dax has currently overcome the 14,000 mark again and is valued at around 14,115 places.
So there are signs of a conciliatory end of the week, on which both the reporting season and economic data should determine the price. Stockbrokers focus their attention on the US consumer spending in the afternoon. Experts expect an increase of 0.7 percent for March. The buying mood of US consumers is considered the mainstay of the world’s largest economy and allows conclusions to be drawn about monetary policy. A few hours before that European inflation data released. If inflation in April is above the expected rate of 7.5 percent year-on-year, the discussion about an imminent interest rate hike by the ECB will probably pick up speed again.
In addition, there are quite a few BIP-Numbers on the agenda, for example from Germany, France, Italy, Spain and the EU. to follow consumer price data from France, Italy and the EU. In the afternoon are also in the USA the labor cost indexthe Chicago Purchasing Managers Index as well as the index of University of Michigan Consumer Sentiment on the agenda.
On the company side, the Dax companies present BASF and MTU their quarterly reports. Fuchs Petrolub and Windeln.de are also coming up with numbers. Internationally, IMV, Safran, Signify, KPN, Eni, Remy Cointreau, Vattenfall and Astrazeneca provide earnings insights. Have with you at an online general meeting Mercedes-Benz, Vonovia, Bayer and Continental four Dax companies invited their shareholders. An extraordinary shareholder meeting, on the other hand, takes place at Hella.