Equities Forecast: DAX Eyes July Lows, Dow Jones Trend Remains Up

Equity Analysis and News Dow Jones Industrial Average: Trend Remains Moderately Bullish DAX: Bearish Sequence Brings July Lows in Focus Dow Jones Industrial Average: Trend Remains Moderately Bullish Another week of gains for the Dow Jones with the index now hovering around the 26,000 level. Eyes are on for a weekly close above 26,000, which will likely confirm that the uptrend in the index is still intact. Alongside this, the Dow Jones is still playing catch up relative to its US counterparts, which have hit record highs.

Desjardins Equities Analysts Raise Earnings Estimates for National Bank of Canada (NA)

National Bank of Canada (TSE:NA) – Equities research analysts at Desjardins lifted their FY2018 earnings per share estimates for National Bank of Canada in a research note issued to investors on Wednesday, August 29th. Desjardins analyst D. Young now anticipates that the financial services provider will earn $5.95 per share for the year, up from their prior forecast of $5.89. Desjardins also issued estimates for National Bank of Canada’s Q4 2018 earnings at $1.49 EPS and FY2019 earnings at $6.35 EPS.

U.S. Stocks Mixed as Dollar Gains on Economic Data: Markets Wrap

  • Euro weakens, loonie slumps; EM equities, currencies decline
  • Argentina raises key interest rate to 60% to protect peso

U.S. equities were mixed following losses in Europe and Asia as traders weighed geopolitical concerns with data showing a strong U.S. economy. The dollar rallied as consumer-spending and inflation figures signaled policy makers can keep raising interest rates.

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