Markets remain under the rule of geopolitics

Market report Michael Blumenroth – 18.10.2019

Weekly market report

As indicated last week, geopolitical news continue to influence the markets.

There has been no further escalation, at least in the trade conflict between the US and China. Last Friday evening saw an announcement that China would recommence purchasing soybeans and pork from the US, a deal ranging in the billions. In return, the US will forego a further increase in tariffs.

Although Trump touted it as the greatest deal of all time, the agreement is a mere declaration of intent. Due to the implications of swine fever, China has been forced to buy soy and pork on the world market. Market movement was accordingly slight, although safe havens were more likely to be sold.

Brexit: deal or no deal?

Brexit news have been quite dramatic. An agreement for Britain’s withdrawal from the EU might actually be reached by the deadline on 31 October. The British House of Commons will vote on the deal tomorrow (Saturday). However, the markets are already celebrating the prospect of a possible deal, which is also why safe harbours were more likely to be sold.

Equity indices rose, as did yields on government bonds, the British pound and the euro.

Gold slightly weaker week-on-week

Gold prices are currently trading slightly below the levels of last Friday. Xetra-Gold has also seen slight losses due to the somewhat stronger euro.

The Brexit vote tomorrow is likely to be decisive for market sentiment at the beginning of next week.

The markets will also focus on economic data and US companies’ quarterly reports.

Upcoming Events

Events

22.10.2020 - 22.10.2020 Investment Fund Day of Börsen-Zeitung Frankfurt

Digital Conference

Events

02.11.2020 - 03.11.2020 Private Wealth Excellence Forum

Youtube channel

Production of Umicore precious metal bars

Production of Umicore precious metal bars

Opening Bell Event zum 10-jährigen Bestehen von Xetra-Gold (German)

Opening Bell Event zum 10-jährigen Bestehen von Xetra-Gold (German)

Gold als eigene Anlageklasse: Interview mit Steffen Orben (German)

Gold als eigene Anlageklasse: Interview mit Steffen Orben (German)

Please select the optional cookies to activate Youtube.

Newsletter

Are you interested in receiving regular information on Xetra-Gold? Then subscribe to our monthly, free-of-charge newsletter to learn more about our gold holdings, upcoming events and to read our gold market outlook.

Required mandatory fields are marked with an asterisk (*).

Your data, collected for the purpose of sending the above information, will be processed in accordance with the DSGVO, i.e. they are used exclusively for the purposes mentioned above. The data will not be passed on to third parties. You can unsubscribe from our information services at any time using the unsubscribe function.

Further information is available in our complete data protection declaration.

Xetra-Gold Newsletter

We are sorry that you consider to unregister from our newsletter. Are you missing out information? If yes, we are pleased to receive your feedback. Of course, you can always re-register at any later point of time.

Required mandatory fields are marked with an asterisk (*).

Your data, collected for the purpose of sending the above information, will be processed in accordance with the DSGVO, i.e. they are used exclusively for the purposes mentioned above. The data will not be passed on to third parties. You can unsubscribe from our information services at any time using the unsubscribe function.

Further information is available in our complete data protection declaration.

Xetra-Gold Newsletter

Xetra-Gold Hotline

Xetra-Gold-Hotline

Do you have questions? We have the answers. Contact us here: 9 a.m.–6 p.m. CET

+49-(0) 69-2 11-1 16 70

xetra-gold@deutsche-boerse.com

For press inquiries:media-relations@deutsche-boerse.com

To contact form