DAX Index Has Significantly Decreased

Forex News

Global stock markets have declined today in response to growing tensions between the US and North Korea. The German DAX stock index has significantly decreased. The index fell by 0.86% and is trading at the level of 12.187.00.

Indicators of Germany indicate an improvement in the economy in 2017. Retail sales grew by 1.1%, while factory orders improved by 1.0%. The trade surplus rose to 21.2 billion euros, which is the highest in 2017.

Eurozone GDP grew by 0.6% in the second quarter, compared with 0.5% in the previous quarter. In addition, retail sales in the euro area grew by 0.5%, noting a 4-month maximum.