Emmanuel Macron Buoys The DAX Index

Forex News

DAX has improved 0.86%. At this point, it’s trading at 12,856.28 pts. Jens Weidmann’s speech will be in focus. Tomorrow, Germany will publish PPI and the Eurozone will show Current Account. Yesterday, the Emmanuel Macron’s En Marche won the majority in the parliament with 61% pro. Macron says he and his party will ease regulations and change employment laws. The main obstacle on the way of the young president might become trade unions, that keep protesting.

Brexit negotiations have officially begun. EU and UK will finally settle the whole process of leaving. Neglecting Theresa May’s stubborn “no deal is better than a bad deal” statement, UK finance minister Philip Hammon says the deal with EU will be friendly and respectful. The three key points in these negotiations must be the position of EU nationals in the Britain, borders between the Ireland and Northern Ireland and UK’s financial responsibilities before the EU. What character are the negotiations about to acquire is yet to be seen.