ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40:The Pressure May Continue in Index
Consumer inflation in the Euro Zone was announced at 8.1 percent on an annual basis in May, in line with the expectations of the markets. Expectations that the European Central Bank (ECB) will not hesitate to take tighter steps to weaken the DAX40 index. On the other hand, the fact that Germany's 10-year bond yields are high at 1.16 percent also has an impact. In addition, concerns that the sanctions duel between Russia and the west will increase cost pressures on German companies, which are already highly dependent on Russian energy, have not yet passed. Technically, if the downtrend continues on the last trading day of the week in DAX40, if the psychological 13 000 level can be crossed, a regression can be recorded to 12 830 support, which is the lowest level since March 2022. 13 300 resistance can be followed closely in possible upside attacks.
