The DAX Index Improved
DAX has gained ground after last week’s volatility. Specifically, the index dropped 4.6% after Donald Trump announced he was going to impose a 25% tariff on steel and 10% tariff on aluminum, which was strongly opposed and critiqued by European officials. But now, DAX lifted 0.70% to close at 11,998.58. Eurozone PMI, retail sales and consumer confidence figures turned out to be negative. Sentix Investor Confidence declined to yearly minimum of 24.0. Retail Sales fell 0.1%. This week marks the European Central Bank meeting. Members are expected to be dovish and Mario Draghi’s following press-conference will catch the biggest spotlight.