DAX holds opening gains as German IFO looms

Earlier this morning following a series of frankly pointless headlines, the price of Brent crude for November delivery fell back to around $89.50 per barrel. Of course each and every headline, no matter how spurious has an impact on the oil markets and we just have to accept that. So, Brent fell back ahead of the European stock market opening and that coupled with the improved reading on German Q2 GDP helped too. 

So, the DAX officially reopened at 26,206, up from a close last night at 26,106. The index lifted immediately and hit a session high at 26,227. However, it has since stepped back to around 26,175 and that comes as the oil price rebounds and the German IFO index looms at 8am GMT. The DAX is currently trading at 26,210
 

Market News

All News

Ready to Get Started?

Start here. Join over 12M Libertex users around the world!

Start Now

© 2022, Libertex
Risk Warning: Trading in financial instruments is a risky activity and can bring not only profits, but also losses. The amount of possible losses is limited by the amount of the deposit.

Libertex is a trademark of Libertex International Company LLC.

Libertex.org is a trading platform operated by Forex Club International LLC, a company registered in St. Vincent and the Grenadines (Registration No. 1277 LLC 2021), with credit card payments processed by Holcomb Finance Limited, a company registered in Cyprus at Kennedy 12, Kennedy Business Centre, Floor 2, 1087 Nicosia, Cyprus, Registration No. HE 183254.

The entity that accepts payments from clients and transfers credit card payments back to clients is Holcomb Finance Limited.

The Company does not accept any customers from and does not operate in any of the following restricted countries, such as: Russia, USA, Japan, Brazil and European Union; countries identified by FATF as high risk and non-cooperative jurisdictions having strategic AML/CFT deficiencies; and countries that are under international sanctions.

Trading CFDs does not give сlients ownership of the underlying assets. No underlying asset is delivered to the сlient.

Before opening an account with us, you should read the legal documents relating to the entity that you're registering with. Please note that our legal documents vary depending on which entity you hold your trading account with and the regulations that apply to you. The relevant entity is determined based on your location and is stated in the footer of the application you register in.

Deposits and withdrawals

mc_vrt_rgb_pos
ULTIMATE SET
for investors and traders!
  • Get free stocks up to $200
  • Free $10 to trade crypto
free shares promotion