ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40:Index May Deepen Dissolutions
Gas prices in Europe continue to be high as Russia reduces the capacity of gas shipments. While the futures natural gas contracts in the Dutch stock market are approaching 150 euros, the concerns that German companies will face a second cost wave since the war weaken the DAX40 index, which is the indicator of the region. The fact that the producer price index (PPI) was announced at 33.6 percent on an annual basis in May indicates that price pressures will continue. Technically, the index, which continues to be resolved on the first trading day of the week, can regress to 12 485 support, which is the lowest level of about 4 months, if it permanently passes behind the 12 670 level. In a possible upside scenario, the psychological 13 000 resistance will be followed closely by market players.
