Frankfurt Investors have an eventful week ahead of them – with likely good and bad news. The good interim balance sheets of the companies should ensure rising prices again. On the other hand, the economic data could lead to more negative reactions.
Notably, the month of July has already shown itself to be a genuine “recovery month” – the broad S&P 500 in the US is up nearly 9 percent, the Dow Jones Industrial Index is up 6.7 percent and the tech stock market Nasdaq is up 12.3 Percent. For the German leading index Dax, it was the strongest July since 2016 with a plus of 5.5 percent.
So while many analysts are still spreading nightmare scenarios about recession and inflation rates, the upswing on the stock market may have already begun. The first half of the year was disappointing from an investor’s point of view – the S&P 500 index, for example, performed worse than it had last done in 1962. The hopes that there will be a longer countermovement are now all the greater.
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