ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 is likely to decline further
ECB members’ statement that an urgent step is required against high inflation in Euro Area increased an earlier rate hike expectations, leading to pressures on the German index. In addition, German long-term bonds are flying high and put an additional pressure on the index. Technically, as long as it stays below 14 370, our targets will be 14 060 and 13 900 supports. On the other side, 14 500 will be our resistance level above 14 370.
