The DAX Index Remains Sustained

Forex News

DAX grew 0.22% to close at 13,025. The index is seemed to recovering after the streak of losses. Today, it even met the 1350 line, the 4-month maximum. There are concerns amid German investors regarding growing price of crude, which remains over the $70 level. If the price keeps rising, market will weaken. Meanwhile, No European data is scheduled for today. Tomorrow, Germany will present Purchasing Price Index and the Eurozone will announce current account and trade balance.

Yesterday, Eurozone and German inflation indicators pointed at declines. German Final Consumer Price Index fell from 0.4% to 0.0%. Eurozone Final Consumer Price Index reduced from 1.3% to 1.2%. Core Final CPI declined to 0.7% from 1.0%. The data prompted speculations about ending the ECB asset purchase program. Francois Villeroy de Galhau (Bank of France Governor) claimed the European Central Bank could give some more details on its rate path soon. At first, euro responded with a gain, but then the momentum slowed.