German DAX Stock Index Fell by 0.36%

Forex News

The stock index of Germany DAX decreased by 0.36%. Currently, the DAX is trading at 12.607.50 level. The euro rose by 1.9% this week after the ECB president's speech.

Mario Draghi said that the bank has no plans to remove incentives until the level of inflation in the Eurozone is close to the ECB's target of 2%. Some analysts predict that the ECB will not raise interest rates until 2019, as the economy of the Eurozone is not sufficiently stable.

The German economy continues to develop successfully, as the labor market is strong, and exports are growing. The German consumer price index, the main indicator of consumer inflation, has not grown since March, and is expected to be at 0.0% in June.