German DAX Index Has Increased by 0.56%

Forex News

Germany's DAX stock index rose by 0.56% and is trading at 12.397.58. The German Manufacturing PMI increased to 59.6, which is higher than the forecast of 59.3.

In addition, the Eurozone Manufacturing PMI rose to 57.4. The unemployment rate in the Eurozone has not changed and amounted to 9.3%, which corresponds to the forecast.

The revised reading of the US GDP for Q1 was increased to 1.4%, which was better than the original estimate of 1.2%. Despite the high level of consumer confidence, inflation and consumer spending in the US remain low.