DAX Tumbles Amid World Stock Markets Decrease

Forex News

European stock indexes declined today, while investors assessed the release of new economic data and corporate earnings reports. Stock markets in Asia and the US also declined from highs. Germany's DAX stock index fell 0.68% today and is trading at 13.234.50. This week, the markets expect some weak consumer indicators from Germany, which could hurt the confidence of investors and send the DAX down. It is expected, that the preliminary consumer price index will decrease by 0.5%, while retail sales forecast a decrease of 0.4%.

Economic indicators of the Eurozone remained strong in the fourth quarter of 2017. The economy of the euro area countries has been growing for 19 consecutive quarters. For 2017, GDP growth was 2.5%, returning to the level before the 2008 crisis. The GDP of the 19 countries of the Eurozone increased by 0.6% in the fourth quarter of 2017.

Investors will follow the meeting of the Federal Reserve System, which will be held tomorrow. Markets expect that the interest rate will remain unchanged in the range from 1.25% -1.50%. The next rate increase is expected in March.