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FX.co ★ DAX Little Changed In Lackluster Trade

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typeContent_19130:::2024-08-19T09:53:00

DAX Little Changed In Lackluster Trade

German stocks remained relatively stable on Monday, following a week of significant gains driven by easing concerns regarding the U.S. economic outlook.

Investors are preparing for a week filled with economic data releases. The FOMC minutes and Fed Chair Jerome Powell's speech at Jackson Hole are expected to offer additional insights into the future trajectory of interest rates.

Additionally, upcoming Flash Purchasing Managers' Index (PMI) data for France, Germany, Britain, and the broader Eurozone could impact market sentiment as the week unfolds.

The benchmark DAX index experienced a slight increase, standing at 18,323.63, after rising by 0.8 percent on Friday.

The banking sector saw positive movement, with Commerzbank advancing by 1.3 percent and Deutsche Bank gaining 0.5 percent.

Automobile manufacturers BMW, Mercedes-Benz, and Volkswagen showed gains ranging between 0.7 percent and 1.2 percent.

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