DAXEUR

With positive developments in the US economy, the DAX index, which has been part of the global rally throughout the week, is awaiting the US inflation data that will determine the week's close. A PCE data in line with expectations will create a global enthusiasm led by US stock markets, increasing demand for export-oriented German companies and allowing the DAX to finish the week with a strong rise. On the other hand, an unexpected increase in inflation would trigger a wave of selling in global markets, affecting the DAX as well and setting the stage for profit-taking.