The DAX is a major stock market index that tracks the largest companies based in Germany, it has declined 253 points in the last month. It was last trading in the 6,552.32 – 6,743.01 range one of the top performers was Merck KGaA a pharmaceutical company that researches drugs in neurodegenerative as well as autoimmune and inflammatory diseases.
Europe is still in a financial crisis, the strong players are not immune and neither is the rest of the world. China is also slowing down and they are getting pressured to let the Yuan appreciate. The U.S. is starting to see slow growth but it still needs to improve its job market. Despite the clouds there may be a pleasant surprise in store for us inflation though is the wild card. Will it affect our recovery?