The DAX could keep rising
Over the past several weeks, the DAX index has shown great movement.
In one month's time, it's risen by nearly 8%. According to the latest data, Germany's GDP growth rate was revised upward from 0.3% to 0.4% in Q3 2022. If inflation in Germany slows, this will work in favour of the ECB hiking interest rates less aggressively. In such a case, optimism in the DAX could increase.
Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.
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