ANALYSIS
NQ100 Finds Support from PPIApr 14
The Surprise of Industrial Production Continues in DAX40
In recent days, despite the high inflationary environment, the hawkish messages of the European Central Bank (ECB) Officials have weighed on the index. However, according to the data of the Federal Statistical Office (Destatis) at the beginning of the week, the fact that industrial production in Germany surprisingly exceeded the expectations of 0.2% in September by 0.6%, causing the DAX40 index to maintain its vitality. On the other hand, the fact that natural gas prices in Europe are below 115 euros supports the index by creating expectations that it will ease the cost pressure on German companies. In addition, the dollar, which has been moderate in recent days, has a positive effect on the stock markets. Technically speaking, if the DAX40 index, which continues its channel movements on the third trading day of the week, exceeds the 13 780 level with permanent closings, it may be possible to take the 13 965 level, which will be the highest of about 3 months, to the agenda. In the possible retreats, 13 470 and then 13 300 levels can be followed.
