ANALYSIS
NQ100 Finds Support from PPIApr 14
Losses in energy instruments support DAX40
In Germany, customer price index declined after one year. According to Destat,s German CPI declined by 0.2 on monthly basis and it was 5.2 on annual basis, in line with forecasts.In this period, the expectation that the decrease in inflationary pressures and the decrease in energy prices will ease the financial statements of companies brought purchases to DAX40 index. As a result, the index stayed above the 100-period weighed moving average and continued its recovery. If it exceeds 15 750, 15 865 and 16 000 will be on our radar. In case of a possible decline below the 100 WMA, we will follow 15 470 – 15 345 closely.
