DAXEUR

The German index is following a downward trend due to the risk-off sentiment created by Powell's speech this morning in global markets. The Fed's stance, which shuts the door on interest rate cuts, is directly exerting pressure on the DAX index, which includes export-oriented German companies. The Eurozone inflation data to be released later in the day may provide clues about the European Central Bank's policies and could impact the index's movement, but the main direction will be determined by global expectations regarding the Fed.