DAX Unchanged as German Inflation Reports Within Expectations

Sep 13 10:09 2017 Print This Article

The DAX is showing little movement in the Wednesday session. Currently, the DAX is trading at 12,528.75, up 0.03% on the day. On the release front, German Final CPI posted a small gain of 0.1%, matching the estimate. German WPI gained 0.3%, above the forecast of 0.1%. Eurozone data met expectations, with Employment Change gaining 0.4% and Industrial Production posting a gain of 0.1%.

Germany has enjoyed robust growth in 2017 and has helped lift the entire eurozone economy. Still, the country finds itself grappling with stubbornly low inflation, which has also been a chronic problem in the US, Japan and throughout the Eurozone. German Final CPI, the primary gauge of consumer inflation, slowed to 0.1% in September, down from 0.4% in the August release. German WPI rebounded with a gain of 0.3%, after failing to post a gain for three consecutive months. On the employment front, there was positive news as Eurozone Employment  posted a second straight gain of 0.4%. This reflects stronger employment numbers in the eurozone, as stronger economic conditions have improved the labor market and pushed unemployment rates lower.

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