ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40: The Persistence of the Index Above 14 000 May Strengthen the Recovery
On the day we left behind, we saw a decline in the DAX40 index, as in the minutes of the monetary policy of the European Central Bank (ECB) dated April 13 – 14, most Members of the Governing Council for persistent and high inflation said that they believe that net asset purchases should end earlier, not in the third quarter, and that the possibility of a rate hike should be evaluated shortly thereafter. However, on the last trading day of the week, the Central Bank of China (PBoC) cut benchmark interest rates at a record low, which had a moral effect on global markets. If the index, which is technically on the path of recovery, can permanently exceed the 14 250 level, the rise may extend to the 14 400 level. In the possible downward scenario that may occur in the index, the psychological level of 14 000 is in a critical position. For permanent transitions under this place, support for 13 870 can be followed.
