The German DAX Index Increased

Forex News

The German DAX index rose by 0.20% and is trading at 12.468.00. There are no important economic news from the euro area today. Investors expect data on the number of open vacancies in the US labor market (JOLTS).

Federal Reserve Chair Janet Yellen will testify before the House Financial Services Committee tomorrow. Germany will also publish data on the wholesale price index (WPI).

The economy of Germany continues to grow in the second quarter. The manufacturing sector continues to expand, and industrial production improved to 1.2% in May. A strong export sector led to an improvement in the trade balance, and the trade surplus rose to EUR 20.3 billion in May. The IMF raised its forecast for Germany's growth to 1.8% in 2017.