DAX index started the trading session lower giving up 0.37% at 13,239 as the correction of yearly highs at 13,425 continues after yesterday’s loss of 0.89%. The trade deal party is over now and investors are looking at the details. Political uncertainty is over in the UK but the question now is what will be the relationship after Brexit between the EU and UK.
Central banks are continuing with the accommodative monetary policy the support global equities. European Central Bank and Fed kept rates unchanged as expected by economists. Forecasts now suggest that the Fed will keep the current interest rates throughout 2020.