ANALYSIS
NQ100 Finds Support from PPIApr 14
Optimism in the FRA40 is Preserved
The fact that the trade balance in France had a deficit of 17.5 billion euros in September, above the expectations, caused the index to decline slightly. However, yesterday, the President of the Bank of France, Francois Villeroy de Galhau, said that they are not far from the neutral interest level and that the rate of interest rate hikes may be more flexible and slower after that, supporting the FRA40 index. In addition, we see a liveliness in the stock markets due to the moderate decreases in the dollar. Technically, in the index, which is seen to continue its upward trend on the second day of the week, if the 6 440 level can be exceeded with pressure, the 6 475 level, which will be the highest level of about 3 months, can be brought to the agenda. In possible retreats, 6 365 and then 6 330 supports may be in question.
