DAX Steady: ZEW Data & US Inflation in Focus
Economy / Finance

DAX Steady: ZEW Data & US Inflation in Focus

30 AM local time, a gain of 0..1 percent from the previous day’s closing value. Leading performers included shares of Sartorius, Continental and Rheinmetall. Conversely, Hannover Rück, SAP and Zalando experienced the most significant declines.

Market attention is currently focused on the release of the ZEW economic survey results, according to an assessment by Helaba bank. Analysts anticipate a notable decrease in the balance of expectations for economic development in Germany, with current assessments also expected to be weaker than in the previous month-a development likely to negatively influence the upcoming Ifo business climate index.

Later in the day, U.S. inflation data will come into focus. Helaba suggests a risk that monthly inflation, influenced by tariff policies, could reach 0.3 percent, bringing the annual rate close to three percent. This outcome, analysts say, would preclude any strengthening of expectations for interest rate cuts by the Federal Reserve.

The Euro exhibited minimal movement in early trading, valued at 1.1616 U.S. dollars, while a U.S. dollar was trading for 0.8609 Euros.

Oil prices rose slightly, with Brent crude futures trading at 66.80 U.S. dollars per barrel around 9:00 AM CET, up 17 cents, or 0.3 percent, from the previous close.