The DAX rises on improved German data
According to the German Federal Statistical Office (Destatis), Germany's GDP dropped by 0.2% year-over-year in Q2 against a forecasted decrease of 0.6%. The economy's contraction turned out to be significantly less than had been forecast, which caught investors by surprise. In addition, year-to-date inflation in Germany slowed from 6.4% to 6.2%. The improvement in economic indicators is good news for the German DAX index.
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