Germany's blue-chip DAX 30 index pushed on with its record-breaking streak this morning, opening above 14,000 points on growing expectations there will be a strong stimulus plan in the US.
German industrial output and exports rose in November, adding to signs that the manufacturing sector gave impetus to Europe's largest economy in the fourth quarter.
By Reuters Staff
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FILE PHOTO: A commuter wearing a face mask walks at the Cologne main station in Cologne, Germany, April 27, 2020. REUTERS/Wolfgang Rattay
BERLIN (Reuters) - German annual consumer prices remained negative in December, as a lockdown to contain a second wave of coronavirus infections in Europe’s biggest economy kept inflation pressure subdued, data showed on Wednesday.
Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, fell 0.7% year-on-year after shrinking by the same amount in the previous month, the Federal Statistics Office said.
December’s preliminary data compared with a Reuters forecast for a 0.6% decline.