German DAX Stock Index Continues to Decrease
The German DAX stock index fell 0.25% today and is trading at 13.040.50. European stock markets declined significantly after the elections in Catalonia last week. The DAX decreased by 1.8% after the election, as investors reacted negatively to the results.
Germany will publish data on the final CPI on Friday. It is expected, that the inflation rate will increase by 0.5%. The indicator rose to 0.3% in November, noting a 4-month high. The ECB increased its forecasts of growth and inflation for the Eurozone for 2017-2019. The average annual inflation in the euro area rose to 1.5% in November, compared to 1.4% in October. But still, the CPI remains well below the central bank's target of 2%.