DAX Index is trading 4% higher today on improving risk appetite as the economies worldwide step up the reopening process. As expected, Germany is warning of a significant slowdown in the economic activity for the second quarter. Fundamental analysis: Bundesbank expects the momentum to pick up In its regular monthly report, Germany’s Bundesbank said that it expects the national economic activity in the second quarter to come in significantly below that of Q1 as there is still “a very high level of uncertainty about future economic developments”. Accordingly, the German economy contracted 4.6% in April. The business activity is expected
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