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Money DAX goes into Thursday trading hardly changed - reporting season continues at full speed

11:40  06 august  2020
11:40  06 august  2020 Source:   finanzen.net

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DAX . Investing.com – The dollar was down on Thursday morning in Asia, continuing its retreat over worries about the pace of the U.S. economic recovery from COVID-19. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

DAX . TOKYO (Reuters) - The dollar struggled to stem its broad decline on Thursday as investors worried the U.S. economic recovery may lag other countries due to a high level of coronavirus infections while the global economy slowly gets back on its feet. Fully -Synced App. Continue with Facebook.

In view of a flood of new company balance sheets, investors on the German stock market are initially holding back at the start of trading.

TORU YAMANAKA/AFP/Getty Images © Provided by Finanz.net GmbH TORU YAMANAKA / AFP / Getty Images

The DAX is only 0.03 percent higher in the session at 12,664.55 points. This means that the search for direction should continue. The leading German index has been hovering around 12,600 points since Monday.

On Thursday, investors in the German stock market are initially going to work more defensively again on another reporting season. "As is so often the case recently, the stock exchange traders have to deal with a fear of heights," said portfolio manager Thomas Altmann from QC Partners. After the last strong days, especially on Monday, the willingness to buy shares was dampened again for the time being. His colleague Jochen Stanzl from CMC Markets sees the DAX currently capped at 12,750 points. This week the leading index failed several times on this mark.

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The German share price index DAX graph is pictured at the stock exchange in Frankfurt. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data. Personalized Charts. Fully -Synced App. Continue with Facebook.

Camels can go for a very long time without drinking. Other animals, such as snakes and rats, find The show is limitless, filled with possibility: you can go to Victorian London, or to Pompeii Separate episodes and seasons are not connected by plot. The writers of 'Doctor Who' keep writing new stories.

Between the corona pandemic, which continues to rampant, and the stalemate of US politicians in putting together another aid package, the DAX is currently lacking the necessary impetus. Thursday could bring this once more with a flood of company figures. The first signs are quite positive, and so the DAX was able to at least reduce its pre-trading minus by the start of trading.

In terms of the economy, incoming orders in German industry in the morning were better than experts had expected. Otherwise, investors are probably already waiting for the report on the US labor market to be published this Friday. Expert Thomas Altmann does not see a good template from the ADP report here: "If the official report also shows that the US economy hardly created any new jobs in July, that would be a bitter disappointment." Finanzen.net and dpa-AFX

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Meal delivery: Delivery Hero to oust fallen star Wirecard from German CAC 40 .
© Britta Pedersen / dpa-Zentralbild / dpa (Photo by Britta Pedersen / picture alliance via Getty Images Meal delivery: Delivery Hero to oust star lost Wirecard of the German CAC 40 After the Wirecard scandal, the fallen German star will be replaced by the Berlin food delivery giant Delivery Hero at the DAX 30, equivalent to the CAC 40 in Germany. Wirecard is the first company listed on the DAX 30 to go bankrupt.

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