DAX Index Grew to 3-Month Maximum Despite Mixed German Data

Forex News

Despite the uncertainty regarding German elections, German stock markets continue to grow. The DAX index rose by 0.40% today and is trading at around 12.736.25, which is the highest level in three months. The DAX grew by 5.3% this week.

Preliminary Eurostat data showed that inflation in the Eurozone was 1.5% in September, as noted in August. Economists predicted that the consumer price index will rise slightly to 1.6%. Inflation continues to be well below the European Central Bank's target of 2%.

The economic data of Germany were mixed. Retail sales decreased by 0.4%, with a forecast of growth of 0.5%. The unemployment rate fell by 23 thousand, which is much stronger than the estimate of a decrease of 5 thousand.