German DAX Stock Index Increased

Forex News

European stock indexes rose slightly today after the easing of political uncertainty in Germany strengthened the shares and caused the euro to rise. SPD (socialist democrats) agreed to hold coalition talks with the conservative bloc of Angela Merkel. The DAX index increased by 0.25% and is trading at the level of 13.101.50.

The economy of Germany remains stable. The Ifo business climate index set another record high in November. The indicator rose to the level of 117.5. Germany's GDP in the third quarter accelerated to 0.8%, and this is the strongest quarter since 2014.

The ECB's protocols said that some politicians wanted the ECB to announce the end date for purchases of assets, but in the end, representatives decided to extend the program for 9 months until September 2018.