ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 targeted record highs
Measures implemented by European countries against Omicron variant are not as strict as those implemented at the first months of the pandemic and it is widely believed that there won’t be any problems related to financial activities. In addition, Vstoxx is 19.59, indicating that investors’ stress levels are low in Europe. Also, President Biden’s 768 billion dollar defense budget led to strong bullish moves in US stocks and this optimism also contributes to the German index. Technically, the index headed upwards to recover its previous losses and if it exceeds 16 075 level, we will follow 16 195 and 16 305 resistances. On the other side, 15 830 and 15 700 supports will be on our radar.
