ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40:Selling Pressure Remains in the Index
According to the preliminary reading data of IHS Markit and S&P Global for August, declining PMI indicators in Germany indicated that economic activity weakened and recession risks remained alive, putting pressure on the DAX40 index. The weak euro also plays a role here. Technically, the index is defended at the 13 400 level as resistance, where sellers will continue to be active. If the 13 070 support can hold, a regression to 12 765 can be seen behind 12 920. The transition above the potential 13 400 will be followed by the resistance at 13 560.
