DAX Continues to Decrease Amid Strong Volatility of Stock Markets

Forex News

European stock indexes fell today, while investors evaluated the last part of corporate earnings, waiting for the decision of the central bank of Great Britain. This week, global stock markets demonstrated strong volatility, and the DAX continues to decline. Earlier this week, the DAX fell to the lowest level since early September. The German DAX stock index fell by 1.09% today and is trading at 12.453.53. The DAX has lost 5.9% since the beginning of February.

Germany's exports and imports unexpectedly rose in December. Data from the Federal Statistical Office Destatis showed that exports increased by 0.3% in December, but it was expected that shipments would fall by 1%. On an annual basis, exports grew at a weaker rate of 3.9% in December after rising 8.1% in November. Monthly imports growth fell to 1.4% from 2.2% in November. Imports grew by 5% after an increase of 8.2%. As the growth in imports exceeded the growth in exports, the trade surplus (excluding seasonal adjustments) fell to 18.2 billion euros from 23.7 billion euros and to 21.4 billion euros, seasonally adjusted from 22.3 billion euros a month ago.

After several months of political uncertainty, Germany was on the verge of forming a new government. Yesterday the Socialist SPD and the Conservatives of Angela Merkel announced that they had concluded a coalition agreement. The coalition agreement still requires the consent of the majority of the SPD.