ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40: The Losses Possibly Will Continue
Germany’s IFO business climate index exceeded market expectations with 93.0 points in May. This situation supported the index somewhat. However, the Federal Statistical Office (Destatis) in the data on market expectations of inflation in Germany in April with record producer 33.5 percent on an annual basis, and more recently the European Central Bank (ECB) interest on the increase, rising voices of members of the Executive Council in July continues to put pressure on the index. If the DAX40 index, which is technically dependent on the downtrend, can get the 13 965 level behind it permanently, it can regress to the 13 820 support. In possible upward attempts, 14 250 resistance can be followed.
