The oil price is likely to remain a major threat to the markets. Amid geopolitical risks, anxious eyes on the bond markets, and growing AI warnings, investors have struggled to find their footing in recent days. As long as the energy market follows the lead, the stock market barometer has little room to maneuver on its own rhythm. At the end of the trading week, investors face the sobering realization that the market still depends on the oil price to keep its momentum. However, investors are now hoping for a diplomatic solution between Iran and the United States.
DAX
Investors are once again betting on a possible end to the Middle East conflict
According to media reports, Iran is now reportedly presenting the United States with a new plan that could reopen the Strait of Hormuz within a few days. The conflict between the two warring parties remains unresolved. In the past, there have repeatedly been hopes for a solution, which have not yet been finally realized to this day.
Purchasing managers in the Atlantic and beyond provide mixed signals
On Wednesday, preliminary figures for the purchasing managers (S&P Global) provided some momentum. The services and manufacturing indices here in Germany remained below expectations at 49.70 points and 54.30 points, respectively (50.00 and 54.50 points).
In the USA, both sectors performed better than expected.
ifo index rises for the fifth time in a row
The ifo business climate index rose to 89.9 points in September, up from 88.8 units in August, marking the fifth consecutive month of growth, the Munich-based ifo Institute announced on Thursday. Approximately 9,000 different executives are surveyed monthly. Experts surveyed by Reuters had previously expected 89.0 points.
Leading economic research institutes expect in their latest report that Germany’s so-called gross domestic product (GDP) will grow by 1.3 percent this year.
Dow Jones Industrial Average Index
GfK: Consumer sentiment receives a significant boost – US data rounds off trading week
The consumer sentiment (GfK Consumer Climate) in Germany had to take a significant hit in September. According to estimates, the consumer sentiment fell by 3.8 points to -30.6 points in October, while the (revised) figure for the previous month was -26.8 points. The decline was attributed to the rising propensity to save combined with a lowered expectation of income, it was said.
At the end of the week, investors are still awaiting orders for durable goods (14:30), which could send out cyclical impulses and thus monetary policy signals as well.
Oil price (West Texas Intermediate)
