The DAX rises on improved German data
According to the German Federal Statistical Office (Destatis), Germany's GDP dropped by 0.2% year-over-year in Q2 against a forecasted decrease of 0.6%.
According to the German Federal Statistical Office (Destatis), Germany's GDP dropped by 0.2% year-over-year in Q2 against a forecasted decrease of 0.6%. The economy's contraction turned out to be significantly less than had been forecast, which caught investors by surprise. In addition, year-to-date inflation in Germany slowed from 6.4% to 6.2%. The improvement in economic indicators is good news for the German DAX index.
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.
Why trade with Libertex?
- Get access to a free demo account free of charge.
- Enjoy technical support from an operator 5 days a week, from 9 a.m. to 9 p.m. (Central European Standard Time).
- Use a multiplier of up to 1:30 (for retail clients).
- Operate on a platform for any device: Libertex and MetaTrader.