This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
It is going to be hard for the DAX not to be distracted by comments from the US this week, with Janet Yellen speaking on both Tuesday and Thursday. Last week’s non-farm payroll figures were worse than expected for the second time in a row, and have subsequently seen some asking for a change to the Federal Open Market Committee’s tapering timeline. Judging by the comments that have come from several of the voting members of that committee, an immediate change looks unlikely but pressure could build.
German traders will no doubt be keeping a wary eye out for results from UK banks this week as a number of issues will affect financial markets in both the UK and Germany.
Barclays has jumped the gun and posted some of its figures a day early creating more questions than answers.
Later in the week we will also see the release of quarterly GDP figures for a number of European countries including Germany.