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Dax Index trades higher despite fears of a plunge in domestic consumption

By: Invezz
Image for German prelim CPI March

The DAX Index gapped slightly higher today, further adding to its yesterday’s gains of 1.44%. The move higher comes despite the results of the new poll released today in Germany that show a significant plunge in the consumption expected for this year. Fundamental analysis: One third of Germans expect to spend less  The GfK market research group released results of its poll today that show worrying expectations that domestic consumption may take a significant hit in the months to come.  Around 7% of respondents said that they are looking to postpone purchases of products like clothing, cars or luxury goods,

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