The Bourse Stuttgart released its volume figures for the month of July which showed that the order book turnover was around 6 billion euros. The main gains were from the investment products and debts instruments which came in higher than the same month last year.
The large part of this turnover was generated by securitised derivatives, which came in at 2.46 billion euros, though this is 1.69 percent less YoY. Equities contributed 1.29 billion euros to the overall order book turnover, which was again 1.6 percent less than the same month last year.
What to Look for in a Forex Technology Provider?Go to article >>
Investment products brought turnover of 1.28 billion euros, 4.89 percent more YoY and hence a significant improvement, which could be due to the longer term outlook preferred by the traders due to the uncertainty around the markets in recent days.
Bonds trading was worth 1.25 billion euros which was up slightly by 0.4% from the turnover in the same month last year. It has to be noted that all key volume figures were less than what we saw in June, which reflects a general slowdown in trading as we head towards summer.
The markets are likely to slow down even further in the next couple of months on account of the summer holidays, and we are likely to see them pick up only after the end of the summer. The short term outlook is also one of uncertainty and risk in the global markets, which might push investors towards adopting a wait and see attitude.