Market Insight

The latest analysis of popular markets from our team of industry experts.

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German DAX rebound after Eurozone GDP

German stocks have been suffering, in part thanks to a strong euro which dampens demand for German exports. Eurozone GDP rose at 0.6% q/q in Q2 but that might not be enough to convince the ECB to taper QE early and EURUSD slipped back below 1.18. If the euro pulls back further, 12,100 could be a base in the DAX index.

 

This is LCG’s daily Market Snapshot. Our Senior Market Analyst Jasper Lawler offers a concise analysis of one of the day’s key themes or events and how it could affect the charts of an asset within the stock, forex, indices or commodities market.

 

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