DAX Trades Lower Over Weak Economic Data from the Eurozone

Weaker than expected manufacturing and services PMI figures has caused European markets to fall


Weaker than expected manufacturing and services PMI figures has caused European markets to fall. The German DAX was down by 0.3% after the release of German manufacturing data.

Data released today revealed that Germany’s services sector posted a seven-month high in April, but the manufacturing sector reading came in at 44.5, well below the 50.0 mark and depicting contraction.

Germany is one of the most powerful economies in the EU and weak economic figures can potentialy impact the overall economic growth across the entire European Union. At the time of writing DAX continues to trade below 12200.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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