The DAX Index is Strong

DAX has lifted 0.09%, trading at 13,229.50. Eurozone Consumer Price Index Flash Estimate fell 1.4%, Core Index declined to 0.9%. Preliminary Flash Gross Domestic Product stayed at 0.6%. Unemployment rate reduced to the 7-month minimum of 8.9%. German retail sales increased 0.5%, annually they were up 4.1%. German Preliminary Consumer Price Index dropped to 0.0%. The US is about to release CB Consumer Confidence. Tomorrow we’ll take a look at the Fed monthly rate statement.

As we may recall, Catalonia declared independence from the Spain and now the Spanish government has accused Carles Puidgemont (Catalan President) to be in charge of this uprising. But the President is currently in Belgium and it’s hard to foresee his further actions.