DAX Stays Above 13.000 Level in Anticipation of German CPI Data
Germany's DAX stock index shows a slight movement today. The index fell by 0.14% and is trading at 13.057.07 level. Stronger economic conditions in Germany and improvement in the Eurozone economy contributed to the growth of European stock markets in 2017, and the DAX grew by 13.8%.
The figures for the fourth quarter in Germany and the Eurozone were strong, and the positive trend is expected to continue in 2018. The economic growth of Germany and the Eurozone next year will support the DAX index.
Markets are waiting for data on the final CPI of Germany, which will be published tomorrow. It is expected, that the inflation rate will increase by 0.5%. The level of average annual inflation in the Eurozone rose to 1.5% in November. But still, inflation remains well below the ECB's target of 2%.