DAX Rises On Signs Of Easing Trade Tensions

Forex News

The German DAX stock index has increased significantly today. The DAX is trading at 11.639, having gained 1.48%. Overall this week, the DAX gained 3.2%. The DAX has rebounded with gains at the start of November, after it lost 6.7% in October. Last month, the DAX showed its worst monthly performance since December 2016.

German stocks rose sharply on Friday, hoping for a US-China trade deal after President Donald Trump said he had a "long and very good" conversation with Chinese President Xi Jinping on trade and North Korea, and that the two planned to meet at the upcoming G-20 summit.

German manufacturing activity slowed for a third straight month in October. The Germany's Manufacturing PMI dipped to 52.2 in October, down from 53.7 points in September. The indicator showed the lowest level since May 2016.