DAX 40 is supported by low stress in financial markets


 


According to data released today by Destatis, Customer Price Inflation increased by 0.5 percent on monthly basis. On annual basis, it was registered as 4.5 percent, in line with market forecast, leading to loss of momentum in the index. However, low stress in the financial markets continue to support the index. Technically, the index preserves its potential to rise in the minor trend and 16 110 level will be critical. If ascending movements put sufficient pressure on this level, 16 190 and 16 275 supports will be our targets. On the other side, 15 920 and 15 815 will be on our radar.