DAX Index Jumped by 1.33%

Forex News

European stock markets rose today, as investors evaluated the news that the US Senate had passed a tax bill. German equity index DAX jumped 1.33% after a sharp decline at the end of last week and is trading at 13.033.00.

Eurozone Sentix Investor Confidence declined in December, and was weaker than expected. The investor sentiment index fell more than expected, to 31.1 from 34.0 in November. It was expected, that the estimate would decrease to 32.3. Producer prices in the euro area increased by 2.5% compared to the same period last year, which was lower than the growth in the previous month by 2.8%. Economists had expected that producer price inflation would drop to 2.6%.

British Prime Minister Theresa May and European Commission President Jean-Claude Juncker meet today in Brussels, hoping to approach the end of the first phase of the Brexit talks. Britain intends to discuss with the EU representatives future trade relations.