German DAX Index Continues to Raise

European stock markets rebounded on Wednesday, led by the Spanish stock exchange, as the Catalan leader Carles Puigdemont refrained from officially proclaiming the independence of the region from Spain. The German DAX stock index rose by 0.03% and is trading at 12.953.00 level.

The economy of Germany is developing in 2017, and the figures in the third quarter continue to grow. The German trade surplus reached a 12-month high. Industrial production grew by 2.7%. Factory orders increased by 3.6%, which is the best indicator since December 2016. It is projected, that the economy of Germany will grow by 1.9% in 2017 and 2.0% in 2018.