Following the publication of the German inflation data for January, the DAX, Germany's leading index, continues its record chase and rises in pre-market trading.
Inflation in line with expectations
This morning at 8:00 am (CET), the German inflation rate (CPI) for January was published. After consumer prices had surprisingly risen more than expected in the previous month, this time they are exactly in line with expectations at 2.3% year-on-year and minus 0.2% month-on-month.
As inflation in the eurozone's largest economy continues to fall, concerns that the ECB could delay its easing of monetary policy and further interest rate cuts are also fading.
DAX with pre-market gains
In pre-market trading, investors are reacting positively to the fall in inflation and the possible consequences for the ECB's policy. Germany's leading index, the DAX, rises in pre-market trading and reaches new highs. The euro, on the other hand, is unimpressed by the data and remains at the same level.
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