DAX Stock Index Has Increased by 0.36%

Forex News

The German DAX index rose by 0.36% and is trading at 12.308.00 level. Markets are waiting for the US Federal Reserve’s decision on the interest rate. It is expected, that the interest rate will remain unchanged at 1.00%-1.25%. Inflation in the US continues to fluctuate around 1.4%, well below the Fed's 2% target.

The German economy remains stable in the second quarter. German Ifo Business Climate rose to a record level of 116.0. Economists noted that optimism in the business sector is at the highest level after the reunification of Germany. High economic indicators of Germany remain the main force in the economy of the Eurozone.