ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40: Recovery movements will not last longer
Investor stress levels are low and we are seeing demand for DAX40 index have risen. However, European Commission have increased the inflation forecasts for Euro Area and lowered growth forecasts, leading to bearish moves in the index. On the other side, concerns that the high natural gas prices in Europe will put additional cost pressure on German companies and the hawkish messages of the European Central Bank (ECB) members about the tightening path against high inflation are putting pressure on the German index. Considering all these, the index is likely to continue its bearish movements and if 12 550 is broken downwards, we will follow 12 400 support closely. On the other side, 12 900 resistance level will also be on our radar.
