The main German index is following the trend registered by other European markets, with mixed early moves on Tuesday. The worst performance is being registered by the Real Estate sector after Vonovia SE reported a rent growth decline (from 4.4% to 4%) echoing the decrease in construction volume after the company missed building permits.
Elsewhere, carmakers’ share prices have been given a little boost with the German government said to be increasing cash incentives for electric cars, known as an “Environment Bonus”, in order to stimulate demand. This is likely to have a significant impact on Volkswagen AG, Daimler AG and especially BMW AG whose share price is already trading well above 72 EUR with 73.645 EUR in sight.
While a student, Pierre Veyret had a passion for the financial markets. At the time, he studied International Trade through the setting up of import / export operations and it was the techniques of hedging against exchange rate risks that helped him to make the link with the financial markets, and all especially that of Forex. It is therefore with the aim of anticipating the price of currencies several months in advance that Pierre quickly turned to different methods of analysis by drawing inspiration and surrounding himself with experts in the field. Shortly after, Pierre decided to specialize in Technical Analysis, a discipline he had the opportunity to practice with real market professionals, thanks to AFATE / IFTA, an association of which he has been an active member for several years. Pierre Veyret is passionate about the field of the financial industry with a particular interest in the various techniques of stock market forecasting. Currently, Pierre is based in the City of London where he works as Chief Analyst. He performs regular interventions on a multitude of asset classes through various media (television, internet and print media).
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© 2019 High Leverage FX - All Rights Reserved.