DAX

[PCMNewsdesk]

The analysisoaf DAX will be inserted here.

[PCMNewsdesk]

The DAX finished the day nearly unchanged and could not stay in the direct attempt to 8400. The daily high was marked at 8377 and the DAX finished at 8331 and built a “Doji” candle which shows the uncertainty of the market participants. Basically after breaking through the flag formation the target price is between 8812 with some resistance at 8400, 8435 and 8531 – last all-time high. As long as the price does not fall back into the range around 8288, the upward trend is intact.

[PCMNewsdesk]

The DAX finished the day The DAX finished the day at 8379.11Pips which remains in a small surplus of +0.78%. The daily high was marked at 8361. Basically after breaking through the flag formation the target price is between 8812 with some resistance at 8400, 8435 and 8531 – last all-time high. As long as the price does not fall back into the range around 8288, the upward trend is intact.

[ashif]

Germany stocks mixed at close of trade; DAX down 0.81%.


Germany stocks were mixed after the close on Tuesday, as gains in the Retail, Technology and Industrials sectors led shares higher while losses in the Utilities, Insurance and Basic Resources sectors led shares lower.


At the close in Frankfurt, the DAX lost 0.81%, while the MDAX index added 0.48%, and the TecDAX index lost 0.28%.


The best performers of the session on the DAX were Adidas AG NA O.N. (DE:ADSGN), which rose 1.14% or 1.500 points to trade at 132.650 at the close. Meanwhile, Infineon Technologies AG NA O.N. (DE:IFXGn) added 0.47% or 0.065 points to end at 13.915 and Vonovia SE (DE:VNAn) was up 0.36% or 0.12 points to 33.49 in late trade.

[Yousuf Ali]

After the release of auspicious German IFO surveys, IFO economist came out with a statement highlighting the following:
Order inventories have grown, Companies want to export more, Macron victory in France was a positive signal, giving a tailwind to EU.
Neither Brexit nor Trump policies have so far had concrete effects on the German economy.