DAX Trades Lower Over Weak Economic Data from the Eurozone - Forex News by FX Leaders

DAX Trades Lower Over Weak Economic Data from the Eurozone

Posted Thursday, April 18, 2019 by
Arslan Butt • 1 min read

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.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments