DAX Dips Once Again

Forex News

European stocks are trading mixed on Thursday, awaiting the ECB’s meeting. European equities climbed initially after UK Prime Minister Theresa May survived a no-confidence vote and Italian Prime Minister Giuseppe Conte proposed to cut the deficit target, which could ease the tensions with the European Union.

The German DAX stock index falls once again, after showing 2.1% gain since the beginning of the week. The DAX dropped by 0.43% to trade at 10.932 level. Last week, the DAX has lost 6.4% amid tumble of the global stocks.

Today’s data showed, that consumer prices in Germany were 2.3% higher in November 2018 than in November 2017. As a result, the inflation rate weakened slightly from October’ +2.5%. The consumer price index rose by 0.1% in November compared with October. The inflation rate continued to be significantly influenced by the price increase for energy products. Energy prices were 9.3% higher in November 2018 than in November 2017.