ANALYSIS
NQ100 Finds Support from PPIApr 14
The Pressure Continues in DAX40
With the announcement of the Russian energy company Gazprom that natural gas shipments through the Nord Stream pipeline were stopped for an indefinite period, it seems that the rising energy prices in Europe could put additional cost pressure on German companies, and it could not relieve the pressure on the DAX40 index. In addition, the decline in the composite PMI in the data of IHS Markit and S&P Global in the Euro Zone has a negative effect on the index. In the technical outlook, if the index, which carries the downward expansion trend to the first trading day of the week, can go behind the 12 560 level permanently, a regression path to 12 380 support can be opened. In upside attempts, 12 900 followed by 13 080 resistances can be followed by market actors.
