The DAX Index Improved
The DAX index has increased 0.26% and it’s now trading at 12,654.00. German Final Consumer Price Index rose to 0.2%. Today is a second day of Janet Yellen’s speech. Tomorrow, the Eurozone will publish Trade Balance and the United States will announce Consumer Price Index and retail sales. Janet Yellen’s speech turned out to be rather disappointment. She didn’t seem so confident about the rate hike, claiming that the move will only depend on the growth and inflation. She affirmed, though, that balance sheet tapering will start soon. Investors started thinking that Fed are likely to stand pat. Currently, December’s rate hike is priced in 47% chance. And this price will probably keep sinking.
Another Russia related scandal struck the US. This time, Trump’s oldest son confirmed that he had a contact with Russian lawyer, which offered the Donald Junior some provocative information about Hillary Clinton. The Whie House has got another problem to deal with.