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DAX sharp fall after FOMC

DAX was up on Thursday after testing the low level of 19966 in the same trading session as The GfK Consumer Climate Indicator for Germany rose to -21.3 points heading into January 2025, up from a marginally revised -23.1 points in the previous period, which was the lowest level since May. This latest figure exceeded market forecasts of -22.5 points, driven by a recovery in income expectations (1.4 vs -3.5 in December) and a slight increase in willingness to buy (-5.4 vs -6.0).