DAX Shows Limited Moves

Forex News

The German DAX stock index remains almost unchanged at the beginning of the week, after it has posted significant losses last week. The DAX is trading at 10.730 level, having added 0.04%. Last week, the DAX lost 6.47% and dropped below the 11.000 level for the first time since December 2016.

European stocks remain under pressure and fall on worries over slowing economic growth and fears of a fresh flare-up in tensions between the world's two largest economies. Investors are increasingly concerned about a possible economic slowdown, shortly after the US, China and Japan all reported weaker-than-expected economic data.

Today’s data showed, that German October’s exports were up 0.7% and imports up 1.3% compared with September, in calendar and seasonally adjusted terms. That lowered the trade surplus to 17.3 billion euros ($19.74 billion) in October, from 17.7 billion euros in September. On an annualized basis, German exports to European Union nations rose 8.1%, and those to other countries were up 9.2%. Imports from inside the EU rose 7.5% in October 2018 compared to the same month in 2017, while imports from countries outside the bloc were up 8.3%.