DAX investors have already set their sights on the next sound barrier of 23,000 points in the new trading week. Investors remain unimpressed by Trump's tariff threats. It is important to keep an eye on the Fed minutes this Wednesday evening. The Bundestag elections scheduled for next Sunday are also likely to cast a shadow.
DAX Chart
Source: TradingView
Fed minutes could send monetary policy hints - Mary Daly dampens rate cut expectations
This evening, investors will be focusing on the Fed minutes (20:00), which could provide important clues about future US monetary policy. It is also important to keep an eye on speeches by various Fed representatives.
"Monetary policy must remain tight until I see that we are making real progress on inflation," said Mary Daly from the San Francisco branch of the Federal Reserve at a banking conference in Arizona on Tuesday.
Today, Wednesday, Philip Jefferson (Fed Vice Chairman) will once again be an important voice (16:00).
German producer prices in focus on Thursday - purchasing managers on both sides of the Atlantic round off the trading week
German producer prices will be published on Thursday at 08:00. Investors expect this to provide important indications of inflation.
In January, consumer prices including the drivers energy and food (on a year-on-year basis) were 2.3% and thus below the December figure (2.6%).
The weekly initial claims for US unemployment benefits (14:30) could also attract interest.
Purchasing managers on both sides of the Atlantic will be in investors' sights on Friday. In Germany, the indices (S&P Global) for the manufacturing, services and total sectors will be published first at 09:30. The counterparts for the eurozone will follow at 10:00 and those for the USA at 15:45.
CDU/CSU still in the lead according to Forsa poll - questions about government formation remain
According to a recent Forsa survey, the CDU/CSU currently leads the Sunday poll for the Bundestag elections with 30%, followed by the AfD (20%), the SPD (16%), the Greens (13%), the Left (7%) and the FDP (5.0%). The Sarah Wagenknecht Alliance (BSW) is just below the 5% threshold with 4%.
It will be particularly interesting for the markets to see how quickly a government is actually formed next week.
MTU Aero Engines shines - Mercedes Benz in focus on Thursday
MTU Aero Engines' figures were already on the agenda today in the current reporting season. A billion-euro profit was generated in the operating business for the first time. Adjusted earnings before interest and taxes (EBIT) rose by 28 percent to 1.05 billion euros in 2024. MTU is also raising its targets due to the stronger dollar.
MTU Aero Engines
Source: TradingView
Mercedes-Benz Group AG will also present its figures on Thursday.
