German DAX Stock Index Continues to Decrease
The German DAX stock index fell by 0.15% today after the index published significant losses at yesterday's session, and is trading at 13.261.50. The DAX received momentum from the strong performance of Germany and the Eurozone and has grown by 2.2% since the beginning of the year. If the economy of the Eurozone continues to improve, growth of the DAX should continue.
The volume of industrial production in the Eurozone was higher than expected in November, which underlines the strong economic dynamics of the currency block. The statistical office of the European Union Eurostat reported that industrial production grew by 1.0% mom and by 3.2% yoy in November. Economists expected growth of 0.8% mom and 3.0% year-on-year.
The ECB will publish the minutes of the December meeting on policy issues today. At the end of last year, the ECB announced a reduction in the volume of the asset purchase program (QE) from 60 billion euros to 30 billion euros, and extended the program until September 2018.