{"id":160849,"date":"2019-12-02T10:45:30","date_gmt":"2019-12-02T15:45:30","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=160849"},"modified":"2019-12-02T07:15:19","modified_gmt":"2019-12-02T12:15:19","slug":"de30-german-stocks-analysis-preparing-for-the-publication-of-significant-statistics","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/12\/de30-german-stocks-analysis-preparing-for-the-publication-of-significant-statistics\/","title":{"rendered":"DE30 German Stocks Analysis: Preparing for the publication of significant statistics"},"content":{"rendered":"
December 2, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Preparing for the publication of significant statistics<\/strong><\/p>\n

This week, data on industrial production will be published in Germany.Is there a possibility for the DE30<\/a> to decline?<\/p>\n

The Markit\/BME Germany Manufacturing PMI will be released on December 2, the German Factory Orders will come out on December 5 and the German Industrial Production – on December 6. Preliminary forecasts are a bit negative. German retail sales data for October were released on Friday. They showed a 1.9% decrease compared to September, which significantly reduced the growth year over year (from 3.4% in September to 0.8% in October). Since the beginning of 2019, the DAX has grown by 25.4% and is now traded with the P\/E ratio of 18.<\/p>\n

\"DE30\"<\/p>\n

On the daily timeframe, DE30: D1<\/b> formed the figure of technical analysis “diamond”. It continues to be in an uptrend, but its growth has slowed down. A number of technical analysis indicators formed sell signals. It is possible in case of the publication of weak macroeconomic data in Germany.<\/p>\n