The DAX Index Fell
DAX has dropped 0.57%. It’s now trading at 12,515.00. Other shares are softening as well. Deutsche Bank’s stocks declined 1.8%. German ZEW Economic Sentiment reduced to the 4-month minimum 17.5. The Eurozone ZEW Economic Sentiment marked only 35.6 pts. Markets have totally lost their faith in the US President as his Trump’s healthcare bill wasn’t approved. It turned out to be much worse than the Obamacare.
The majority still awaits some news about the Fed’s rate hike. The US inflation remains soft and Central Bank becomes less likely to execute the tightening. Fed fund futures’ price keeps falling. US Consumer Price Index rose to 0.0%. Retail Sales fell 0.2%, the 3rd drop in four months. Economic growth of the first quarter indicated 1.4%. If this streak of failures continues, the greenback will carry some heave losses.