02/14/2018 – 10:25 am: With good economic data in its luggage, the German leading index can increase significantly in early trading. The German economy grew by 0.6 percent in the fourth quarter of 2017 compared with Q3, while domestic gross domestic product rose by 2.9 percent in relation to the same period of the previous year. On the other hand, domestic inflation weakened in January. The rise in German consumer prices came back slightly on average with a drop of 0.6 percent compared to December. However, investors are likely to look particularly at inflation figures from the other side of the Atlantic at midweek.
A higher than expected US inflation rate last month is likely to fuel interest rate fears once again. These, in turn, were the main triggers of the recent stock market correction. In addition, American retail sales are also on the agenda for January. These figures also have a significant impulse potential, as consumption represents a main pillar of the US economy. In the late morning, the focus will be on economic growth in Q4 and industrial production in December, both for the Euro-Zone.
The Dax currently stands at 12,290 points, 0.8 percent more solid. The Euro gains 0.1 percent to currently 1.2366 US Dollars. Gold currently offers the same premium at 1,331 US Dollars per troy ounce.
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