ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40:The Recovery Momentum in the Index Is Likely to Decrease
Global markets are seeing a drop in investor stress on news that Shanghai's closure precautions are to be gradually eased. In the first half of the European session, the Vstoxx index fell to 26.37 points, its lowest level since April 21. However, in the debt market, 10-year German government bond yields exceeded the psychological mark of 1 percent, as the European Central Bank (ECB) is expected to raise interest rates in the third half of the year. On the other hand, negotiations on the European Union (EU) embargo on Russian energy continue at various levels. Under this outlook, the DAX40 index, which has recovered somewhat taking advantage of international market conditions, is likely to be affected by concerns that access to finance will become more difficult, in addition to the pressure faced by German companies in the energy sector. In fact, the downward trend remains technically intact. As long as the 14,320 level, last tested on May 5, is not breached on a sustained basis, the downside potential will remain, and the 14,000 and 13,825 support levels will be at the forefront of regression.
