DAX falls as inflation rises & SAP drops
The German stock market index, the DAX, is experiencing a decline due to various factors such as rising inflation and a drop in SAP shares.
German inflation rises to 2.2% YoY in November
Recent data shows that German inflation has increased to 2.2% year-on-year in November, slightly up from the previous month. This information is crucial as it impacts investment decisions and market trends.
SAP falls on read-across from Oracle’s weakness
Shares of German software company SAP are currently trading lower due to a negative read-across from US-based Oracle’s weaker-than-expected Q2 revenues. This has caused a decline in SAP shares, pushing the company to the bottom of the DAX.
DAX hovers around its all-time high
Despite the challenging economic outlook and political uncertainties, the DAX has been able to reach record highs. This can be attributed to the optimism surrounding potential rate cuts by the European Central Bank.
We will continue to monitor the situation closely and provide updates on any developments in the market. Stay tuned for more information on financial news and stock market updates.
Source : www.forex.com