German Equity Index DAX Fell Slightly

Forex News

European stock markets fell slightly today, as investors watched the current political uncertainty in the Catalonia region in Spain. The German DAX stock index declined by 0.06% and is trading at 12.965.50 level.

The economy of Germany continues to grow in the third quarter. The Germany’s trade surplus increased seasonally adjusted to EUR 21.6 billion in August from EUR 19.3 billion in the previous month. Economists had expected the surplus to increase to EUR 19.5 billion. In the report, Destatis noted, Germany's foreign trade balance increased in August, as exports grew faster than imports.

It is predicted, that the German economy will grow by 1.9% in 2017 and 2.0% in 2018. The German government will publish its forecast for GDP growth, as well as employment and inflation forecasts on Wednesday.