1312 GMT - The future direction of Germany's DAX could be more influenced by the implications of the U.S. election for trade policy and economic stimulus measures in China than by the collapse of the German government coalition, UBS Global Wealth Management's Maximilian Kunkel says in a market comment. The DAX rises 1.3% despite political uncertainty created by German Chancellor Olaf Scholz's move to dismiss Finance Minister Christian Lindner, chairman of the pro-business Free Democratic Party. This is due to the DAX's exposure to international markets and sector composition, Kunkel says. Early elections in Germany could lead to structural reforms and higher spending, according to UBS Global Wealth Management. Small and medium-sized companies more geared toward the domestic market would be the main winners, Kunkel adds. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
November 07, 2024 08:12 ET (13:12 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。