The DAX Index Decreased by 0.22%

Forex News

The German equity index DAX fell by 0.22% and is trading at 12.355.50 level. The German economy continues to expand in the second quarter. The production sector continues to expand, as the stronger global demand for German products stimulated production and exports.

Industrial production in Germany grew by 1.2%, exceeding the forecast of 0.2%. Factory orders in May rose by 1.0%, after a sharp decline of 2.1% in April.

The ECB minutes noted that economic growth in the Eurozone is accelerating, but it is still necessary to provide the conditions for stimulating low inflation rates.