ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Maintains its Positive Course
The statements of some European Central Bank (ECB) Officials about slowing the rate of interest rate hikes and the decrease in the producer price index (PPI) in Germany by 4.2% in October, according to the data of the Federal Statistics Office (Destatis), yesterday, supports the DAX40 index with expectations that it will ease the cost pressure on German companies. Technically, if the index, which continues to defend the rising channel movement, rises above the 14 560 level permanently, the 14 700 resistance, which will be the highest of about 5 months, may come to the fore. In possible retreats, 14 300 and then 14 160 supports can be followed.
