DAX Index Rose by 0.13%

Forex News

The stock index of Germany DAX slightly increased today. The index increased by 0.13% and is trading at the level of 12.617.00. The German Ifo Business Climate slowed to 115.2.

ECB President Mario Draghi addressed the European Parliament Economic and Monetary Affairs Committee yesterday. Draghi admitted that there is uncertainty about the forecast of inflation. The president of the ECB also said that the goal of inflation will be achieved, but it should avoid any hasty changes in the current monetary and credit policy.

Some politicians advocated tightening of monetary policy, as the economy of the Eurozone continues to grow, and unemployment falls. Nevertheless, inflation remains well below the ECB target of 2%.