DAX index retreat today giving up 0.37% at 13,285 as traders are taking some profits off the table. German retail sales for November scheduled for release later. In the USA, we await the data for foreign trade, MNI’s regional Chicago Purchasing Managers’ Index and the NAHB’s Pending Home Sales.
2019 was an excellent year for stocks in Germany and around the globe. Equities boosted by positive developments in the China – USA trade tensions, the Boris Johnson win in general elections in UK. And the low-interest rates environnnment from the major central banks.