ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Continues to Defend Descending Channel
On the past day, producer inflation in Germany climbed to a historically high level of %45.8 on an annual basis in August, increasing the pressure on the DAX40 index. In addition, we see that the decline in investor risk appetite weighed on the index, with the interest rate hike messages of the European Central Bank (ECB) Vice President Luis de Guindos against high inflation and Russian President Vladimir Putin's declaration of the partial national mobilization in his country. From this point of view, we will closely monitor the 12 485 level in the DAX40 index, which continues to defend the descending channel movement on the third trading day of the week. In case of permanent closures below this point, 12 300 support, which will be the lowest level since November 2020, may be on the agenda. In upward attractions that may occur, 12 820 - 13 000 levels can be followed.
