German DAX Stock Index Continues to Decrease
Stock markets in Asia and Europe fell today, as investors dumped stocks in favor of safe-haven assets, such as the Japanese yen and gold. German government bonds, which are considered extremely safe, are also in high demand. Germany's DAX index fell by 0.30% today and is trading at 11.984.00 level.
The consumer price index (CPI) in Germany rose by 1.7% year-on-year in July, which is somewhat faster than the 1.6% increase registered in June. Inflation of wholesale prices (WPI) in Germany fell to an eight-month low in July.Wholesale prices rose 2.2% on an annualized basis in July, slower than the 2.5% increase in June. This was the weakest growth since November 2016, when prices rose by 0.8%. On a monthly basis, wholesale prices fell by 0.1%.