Today’s DAX Index: Investors Monitoring Inflation and Sentiment with Steady DAX Stocks

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Welcome to Extreme Investor Network, where we provide you with unique insights into the stock market, trading, and all things Wall Street. In today’s market update, we saw the Nasdaq Composite Index and S&P 500 making gains of 0.95% and 0.77%, respectively, while the Dow climbed by 0.49%.

The Monday market movers saw bank stocks in recovery mode, with Deutsche Bank and Commerzbank showing gains of 1.61% and 0.94% respectively. Auto stocks also contributed to the gains, with BMW, Daimler Truck Holding, Mercedes Benz Group, Porsche, and Volkswagen all ending the session in positive territory.

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However, it was a mixed session for retail stocks, with Zalando SE rallying 2.80% and Adidas sliding by 2.58% amid concerns of corruption in China.

Looking ahead, investors should pay attention to finalized Eurozone inflation figures and ZEW Economic Sentiment for Germany. Upward revisions to inflation numbers could test investor bets on a near-term ECB rate cut, while better-than-expected economic sentiment in Germany could drive buyer demand for DAX-listed stocks.

On the US front, retail sales figures and FOMC Member speeches will be key drivers for market sentiment. A larger-than-expected increase in retail sales could reduce bets on a September Fed rate cut, while FOMC Member commentary will provide insights into the timing of potential rate cuts.

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The near-term outlook for the DAX will be influenced by US retail sales data, central bank chatter, the French elections, and EU-China tariff-related news. Technical indicators for the DAX show a bearish near-term but bullish longer-term price signals, with attention on key support and resistance levels.

Stay tuned to Extreme Investor Network for more updates and analysis on the stock market and trading landscape. Make sure to check back regularly for valuable insights and unique perspectives on all things Wall Street.

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