The German DAX Stock Index Rose by 0.25%
Germany's DAX stock index rose 0.25% and is trading at 12.196.00. Inflation in the euro area remained stable in July. Eurostat data showed that inflation was 1.3% in July.
Retail sales in Germany rose by 1.1% in June. German indicators started the week on a positive note. Retail sales showed a strong increase of 1.1%. This was the highest rate since February. The strong consumer confidence in Germany led to an increase in consumer spending, which is a key factor in economic growth.
It is expected, that the monetary policy of the ECB will remain unchanged, since inflation in the euro area is well below the target of 2%. But still, if the Eurozone’s economy continues to improve in the third quarter, the ECB may hint at tightening of policy.