DAX Index Remains Steady Despite Fall of German Industrial Production
Germany's DAX stock index declined by 0.02% today to 13.472.75 level. Industrial production in Germany declined by 1.6% in September. Economists predicted a decline in the indicator by 0.8% in September.
Data on the retail trade of the Eurozone were mixed. Eurozone Retail PMI slowed to 51.1 in October. Retail sales of the Eurozone grew by 0.7% in September compared to the previous month. This was the first increase in three months and exceeded the expected increase by 0.6%. Markets hope for high consumer spending in the Eurozone in the fourth quarter, given the robust economy of Germany and the stronger economic conditions in the euro area.