European Stocks in Red, With DAX at 3-Week Low
European stock indexes are trading in red today, prolonging losses from the previous session, as global growth concerns remain, and investors watch the latest Brexit developments. The German DAX stock index fell by 0.44% to trade at 11.336 level. Earlier today, that DAX dropped to its lowest level since late October. Overall in November, the DAX has lost 2.72%.
Producer prices in Germany rose in October at the fastest pace in 18 months. Data from the Federal Statistical Office (Destatis) showed, that producer price index (PPI) rose 3.3% over the same period last year, after a 3.2% increase in September. This is in line with the expectations of economists. On a monthly basis, producer prices rose 0.3%, after rising 0.5% in September. The result was also in line with the expectations of economists.