Welcome to Extreme Investor Network, where we bring you the latest updates on the stock market, trading, and Wall Street news. Today, we’re diving into the Tuesday market movers and what to watch for in the coming days.
On Tuesday, auto stocks continued their upward trend from Monday. Volkswagen saw a rally of 2.41%, while Porsche advanced by 0.84%. BMW and Mercedes Benz Group also saw gains of 0.11% and 0.14%, respectively. Meanwhile, Symrise AG ended the day up 1.27% following a stock upgrade from Deutsche Bank.
However, not all stocks saw gains. Deutsche Boerse slid by 2.57%, with SAP and MTU Aero also seeing losses of 1.77% and 1.84%, respectively. It’s crucial for investors to keep an eye on these market movements to make informed decisions.
Looking ahead, German consumer confidence and inflation numbers are set to be released on Wednesday. These numbers can have a significant impact on investor sentiment and market behavior. Additionally, FOMC member speeches will be key to monitoring for insights on inflation and potential interest rate cuts.
In the near term, the DAX’s performance will depend on Eurozone and US inflation figures. Hotter-than-expected numbers could influence investor decisions regarding rate cuts and riskier asset purchases. On the technical side, the DAX has remained above the 50-day and 200-day EMAs, signaling a bullish trend. Keep an eye on key levels like 18,750 and 18,650 for potential price movements.
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