Monday, May 31, 2021
The stock market day
Dax blushes a little before the market – no trading in the USA and UK
Traders expect a mixed start to the new trading week in Europe. With the stock exchange holiday in the USA, but especially in Great Britain, there will be a lack of important initiators. With the bank holiday in Great Britain, almost half of the pharmaceutical and financial sectors are also missing, so that no major fluctuations are expected here either. In Frankfurt he lost Dax in the morning pre-market 0.1 percent to 15,502 points.
However, some traders consider a closed US stock exchange to be a good opportunity to trade their own data unencumbered. “The inflation worries in particular are being served today,” says a trader with a view to the data calendar in Europe. Because there are many here Consumer price inflation (CPI) data – especially from Germany. Should they not indicate a jump in inflation, new Dax all-time highs could also be possible.
Conversely, the new ones did Purchasing manager indices from China some concern where industrial orders weakened and even slumped into decline. Also in Japan Industrial production and retail sales recovered less than expected in April.