Santa Claus Rally continues
News that the University of Michigan Consumer Confidence Sentiment is now up to 68.6 pts, coupled with lower inflation expectations, have helped buoy the US stock market and led to a slightly weaker US dollar.
News that the University of Michigan Consumer Confidence Sentiment is now up to 68.6 pts, coupled with lower inflation expectations, have helped buoy the US stock market and led to a slightly weaker US dollar. The Germany Wholesale Price Index has demonstrated lower-than-expected YoY and MoM growth. Most likely the Santa Claus Rally in stock indices, including the DAX, is set to continue.
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.