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DAX Eyes Weekly Gain Amidst Global Uncertainty
18 Sep
Summary
- DAX expected to close the week with a positive result.
- Investors remain cautious due to Middle East conflict.
- US Fed initiated its first rate hike in three years.
The German DAX is anticipated to conclude the trading week with a positive performance, despite an expected weaker opening on Friday. This outlook follows a recovery on the previous day, which was influenced by the US Federal Reserve's rate hike.
Market participants are exhibiting caution due to ongoing developments in the Middle East and concerns regarding oil and gas supplies. Although oil prices experienced a slight decrease overnight, these geopolitical factors continue to weigh on investor sentiment.
Following two consecutive weeks of losses, the DAX appears set to post a weekly gain, albeit with a narrow margin of approximately 0.3%. The agenda for the end of the week offers limited new catalysts, with attention likely to remain fixed on the implications of the Fed's decision.
The US central bank recently enacted its first interest rate increase in three years, prompting questions about the future trajectory of this rate hike cycle. Concurrently, Japan's central bank also raised its key interest rate as anticipated.
