07.08.2015 - Data on German industry has led to a drop on the local stock market

The German market today was under the influence of negative data on industrial production in the country, which in June fell by 1.4% against the expected growth by 0.4%. Another negative factor was the reduction in the trade surplus of the country to 22.0 billion euros against the projected growth to 23.2 billion euros. Exports fell over the period by 1.0%, which may be due to seasonal factors. We expect the growth of the German stock market in the medium term due to the positive effect of lower oil prices, a weak euro and the quantitative easing program.

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