The DAX Index Remains Steady
DAX has decreased 0.07% and it’s now trading at 12,637.00. The Eurozone trade surplus rose to 19.7B euros. The United States are about to publish Consumer Price Index and retail sales. German Final Consumer Price Index increased to 0.2% in prior month. The wholesale price index indicated 0.0%. The Q1 US Gross Domestic Product marked 1.4%. Consumer spending, wage growth and inflation altogether stay soft. 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 and will be executed carefully and moderately. 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 43% chance. And this price will probably keep sinking.