ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40:Index Rising With Reactions
The messages of the hawk and pigeon wing members of the European Central Bank (ECB) Governing Council at the monetary policy meeting in July against high inflation put the DAX40 index under pressure. However, yesterday in Germany, we see that the index was priced positively, as the manufacturing purchasing managers index (PMI) data of IHS Markit, a London-based global information provider, pointed to an expansion by 54.8 points in May. In this regard, if the DAX40, which has risen with the reactions on the fourth trading day of the week, can break the critical 14 600 level under pressure, it can extend its gains to 14 740 resistance, the highest level it has seen since March 31. In the negative scenario that may occur in the pricing of the index, the 14 300 support is important.
