The DAX Index Peaking While US and China Restarting Trade Talks
DAX gained 0.70% to trade at 12,116. The index visited its 1-week maximum today while BMW rose 2.37%, Daimler grew 1.71% and Volkswagen was up 2.17% after the US and China announced that their trade negotiation is restarted. German Final Consumer Price Index fell to 0.1%. Today, the European Central Bank will announce its rate decision. Members are expected to keep the main refinancing rate at 0.00%. Investors will mainly look into economic projections. Tomorrow, the Eurozone will feature trade balance.
Recently, German ZEW Economic Sentiment for September posted a mild loss, closing at -10.6 and marking 6th consecutive drop in half a year. The industrial production data turned disappointing as well. German Final Consumer Price Index fell from 0.3% to 0.1% in September.