Business · Markets · 11 hrs ago

German stocks rise as lower oil prices and EU-China deal support markets

German stocks rise as lower oil prices and EU-China deal support markets

Germany’s DAX rose 0.7% in early trading on Monday to 25,252 points, while other major European indexes also gained.

Lower oil prices and bond yields, along with gains on Wall Street on Friday, helped lift shares.

An agreement between the European Union and China on export restrictions for hybrid cars eased fears of a further trade conflict.

That may support European carmakers, whose shares rose in early trading.

Lower energy costs also matter to investors because they can ease inflation pressures and affect central bank decisions.

Investors are now watching the start of the US earnings season, with major banks due to report from Tuesday.

US inflation figures are also expected later in the week and could influence expectations for the Federal Reserve’s interest-rate decisions.

What people are saying

Die Entlastung bei den Energiepreisen ist für die Aktienmärkte derzeit mehr wert als manche gute Konjunkturzahl
Andreas LipkowMarket expert at CMC Marketsvia cash.ch
Für zusätzliche Unterstützung sorgt die Einigung zwischen Europa und China über Exportbeschränkungen für Hybridautos. Damit scheint eine weitere Eskalation des Handelskonflikts vorerst abgewendet. Besonders die europäischen Automobilwerte könnten davon profitieren.
Andreas LipkowMarket expert at CMC Marketsvia cash.ch

Sources

Related news