ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40:Index Erases 3-Month Gains
In European markets, investor tension is high after yesterday's Federal Open Market Committee (FOMC) meeting. The VSTOXX index has again exceeded the 30-point mark, while the 10-year German bonds have reached 1.74 percent. The main reason is the pricing in the expectation that the European Central Bank (ECB) will raise interest rates by about 190 basis points by December. Indeed, the region's indicator is under heavy selling pressure in the DAX40. The index, which has fallen to its lowest level in 3 months, may lose value up to 12 740 behind 12 920 if it remains below 13 250. If it is above 13 250, resistance 13 415 will be followed.
