ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Defends Uptrend
Germany's manufacturing purchasing managers index (PMI) fell to 45.1 points in October, according to data from IHS Markit and S&P Global. The data, which is the leading indicator of economic activity, revealed that the risks of recession are alive. With the effects of this, the index retreated a little. However, the fact that the trade balance in Germany gave a surplus of 3.7 billion euros in September allows the index to remain resistant. In addition, the relatively optimistic course of the investor risk appetite also supports the boom in the index. Technically, if the DAX40 index, which is seen to maintain its pricing behavior in the rising trend on the third trading day of the week, can attack above the 13 480 level, the 13 650 resistance, which will be the high of about 2.5 months, can enter our radar. In possible downward movements, 13 180 and the psychological 13 000 supports can be followed.
