DAX Index and European indices started the week in cautious mode ahead of Fed and ECB decision and the critical elections in UK on Thursday. Investors are receiving mixed signals from the trade talks between China and the USA, as we approach the December 15th new tariffs on Chinese imports, deadline.
Germany Exports surprised positive as the figure came in at 1.2%, topping expectations of -0.3% in October. The Imports came in at 0%, also above forecasts of -0.1% for October. The Germany Trade Balance s.a. came in at €20.6B, above analysts expectations of €19B while the current Account n.s.a. came in at €22.7B beating forecasts of €19.5B.
The German manufacturing sector continues to disappoint, on Friday the Industrial Production s.a. (month over month) came in at -1.7% below economists expectations of 0.1% in October, the previous reading was at -0.6%.