The DAX Index Increased by 0.45%

The German DAX index rose by 0.45% and is trading at 12.497.00. The producer price index of Germany, grew by 2.4% year-on-year in June. The Eurozone current surplus rose to EUR 30.1 billion in May.

Markets are waiting for the ECB's decision on monetary policy. The Eurozone economy is improving in 2017, therefore, the pressure on the ECB to tighten monetary policy is intensifying. It is expected, that the bank will leave the interest rate unchanged at 0.00%. Analysts also expect a press conference of Mario Draghi, which could affect state of the markets.