Welcome to Extreme Investor Network – your go-to source for all things related to the stock market, trading, and Wall Street. In today’s blog post, we will be discussing the recent performance of auto stocks, German industrial production and trade data, as well as US economic calendar events that could impact the market.
Auto stocks saw losses on Friday, with BMW and Volkswagen declining by 1.92% and 1.63%, respectively. Mercedes Benz Group and Porsche also saw losses of 0.74% and 1.01%, respectively. These disappointing numbers have sparked investor interest in upcoming economic data releases.
On Monday, all eyes will be on the German economy as industrial production and trade data are set to be released. Economists are forecasting a 0.6% increase in industrial production for February, while the German trade surplus is expected to narrow from €27.5 billion to €25.1 billion. Positive numbers could lead to increased demand for DAX-listed stocks, especially amidst growing expectations of a June ECB rate hike.
In the US, consumer inflation expectations for March will be closely watched. Economists are predicting a decrease from 3.0% to 2.9%. Higher-than-expected inflation numbers could impact bets on a June Fed cut, with investor sentiment toward Fed monetary policy taking precedence over ECB influence.
The near-term outlook for the DAX will be heavily influenced by US inflation numbers and Fed speeches. A hotter-than-expected US CPI report and hawkish Fed chatter could reduce bets on a June Fed rate cut. Technical indicators for the DAX are also signaling potential movements, with a breakout above the 18,200 handle supporting a move toward the all-time high of 18,567.
As we navigate through these market events, it is crucial to stay informed and monitor key economic data releases and central bank policies. Stay tuned to Extreme Investor Network for more insights and analysis on the ever-changing world of trading and investing.
