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DAX 30 Outlook: Eyeing Yearly High with Business Climate Data in Focus


DAX 30 Outlook: Eyeing Yearly High with Business Climate Data in Focus
2021-01-25 07:30:00
Daniel Moss,
Analyst
DAX 30, Coronavirus Infections, German National Lockdown, Vaccinations, IGCS – Talking Points:
Risk appetite notably firmed during APAC trade as attention turns to the upcoming FOMC meeting later this week.
The notable drop-off in coronavirus infections in Germany may underpin regional asset prices.
DAX 30 index poised to continue gaining ground as price consolidates above key support.
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Asia-Pacific Recap
Equity markets broadly gained during Asia-Pacific trade as risk appetite notably firmed, on the back of fiscal stimulus hopes and the expectation of continued monetary policy support from the Federal Reserve. Australia’s ASX 200 index climbed 0.36% while Japan’s Nikkei 225 rose 0.67%. ....

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