ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40:Inflation at Record Level in Germany, Index Struggles to Recover
Producer prices in Germany recorded a record increase. As reported by the German Federal Statistical Office (Destatis); The producer price index (PPI) in the country increased by 1.6 percent in May compared to the previous month and reached 33.6% on an annual basis. Thus, it was understood that the cost increases that German companies had difficulty reflecting on prices continued to rise, while sales kept their weight in pricing in DAX40. Technically, as long as the 13 345 level, which is technically pointed out by the 30-period exponential moving average, is defended as a resistance, the outlook will continue to remain downward in the index, and if the psychological 13 000 support can be ended, the losses may deepen to the 12 850 level, which will be the lowest level since March 8.
