FRANKFURT (DEUTSCHE-BOERSE AG) – The feared shift to the right in the French elections has failed to materialize, but the political problems remain. On the stock markets, the focus is now shifting to corporate results. The traffic lights are green on the charts.
July 8, 2024: The results of the run-off election in France have left the stock markets somewhat perplexed at the start of the new week. Although the crash feared in the event of an absolute majority for the right-wing Rassemblement National (RN) does not materialize, there is no great euphoria following the victory of the left-wing alliance and the threat of political instability. The DAX is valued at around 18,470 points in pre-morning trading. The leading German index ended the past week at 18,475 points after gaining 1.3 percent. In the USA, the S&P 500 even managed to gain 2.0% over the week, continuing its high.
Focus on inflation data and reporting season
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