DAX40 may further decline





Investors’ risk appetite is increasing in Europe (VSTOXX: 27.33). In addition, inflation projections remain anchored, leading German 10-year treasuries to 0 level. Sales wave in global stock markets also affects the German index and as long as the index stays below 15 550, we will follow 15 285 and 15 140 supports closely. On the other side, 15 695 will be on our radar above 15 550.