Welcome to Extreme Investor Network, your premier source for expert views and analysis on the stock market, trading, and Wall Street trends. Today, we bring you exclusive insights on the Euro Area economy, US market trends, and the near-term outlook for the DAX.
Eurozone’s composite PMI dropped to contraction territory in September, raising downside risks to growth amid fiscal consolidation and concerns about the ECB being behind the curve. Meanwhile, in the US, the S&P Global Services PMI eased fears of a hard economic landing, with the services sector accounting for a significant portion of the economy.
In the US market, positive momentum was seen as the S&P 500, Dow, and Nasdaq Composite Index all saw gains on Monday. Looking ahead, the focus shifts to US consumer confidence data, which could impact the DAX’s movement. Better-than-expected figures could push the DAX towards 19,000, while a drop below 100 may reignite fears of a hard landing.
Investors should keep an eye on central bank chatter and economic indicators for potential market movements. The DAX technical indicators show bullish signals, with the index remaining above key EMAs and potential for a breakout towards all-time highs. Stay informed with our latest news and analysis to effectively manage your risks in today’s dynamic market environment.
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