Our expert team provide detailed analysis and key insights on the latest movements and events that affect market prices.
German stocks have been suffering, in part thanks to a strong euro which dampens demand for German exports. Eurozone GDP rose at 0.6% q/q in Q2 but that might not be enough to convince the ECB to taper QE early and EURUSD slipped back below 1.18. If the euro pulls back further, 12,100 could be a base in the DAX index.
This is LCG’s daily Market Snapshot. Our Senior Market Analyst Jasper Lawler offers a concise analysis of one of the day’s key themes or events and how it could affect the charts of an asset within the stock, forex, indices or commodities market.
Losses can exceed deposits.