ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Priced Positively by Recoveries in Risk Appetite
The Bank of China (PBoC) unexpectedly reduced the policy interest rate to stimulate the economy on the day we departed, and the DAX40 index has continued to rise despite the growing recession fears in Europe and the low levels of investor stress (VSTOX: 21.27) there. Technically, if the index, which continues its upside eagerness in the ascending channel, can break above the 14 090 level permanently, an upward path can be opened up to the 14 230 resistance. In the possible downside scenario, 13 780 and 13 600 supports may enter the radar of market actors.
