30 Mar 2015
DAX extends beyond 12k, German CPI eyed
FXStreet (Mumbai) - Germany’s benchmark index, the DAX opened with a positive gap of 60 points and swung higher above 12k threshold as markets eagerly await German CPI data amid hopes of Greece debt resolution.
Currently, the DAX 30 trades lower by 1.44% and trades near fresh weekly highs at 12046.50 levels. The DAX recovered previous losses and firmed this session with traders in Germany awaiting fresh inflation figures, while the market focus was shifted to Greece once again.
The index is seen trading with a positive market breadth, with almost all stock on the winning end. Continental AG is the top gainer, up 2.81%, followed by Linde AG which is up 2.20%.
DAX Technical Levels
The index has an immediate resistance at 12190. Meanwhile, support is seen at 11900 levels and 11760 levels.
Currently, the DAX 30 trades lower by 1.44% and trades near fresh weekly highs at 12046.50 levels. The DAX recovered previous losses and firmed this session with traders in Germany awaiting fresh inflation figures, while the market focus was shifted to Greece once again.
The index is seen trading with a positive market breadth, with almost all stock on the winning end. Continental AG is the top gainer, up 2.81%, followed by Linde AG which is up 2.20%.
DAX Technical Levels
The index has an immediate resistance at 12190. Meanwhile, support is seen at 11900 levels and 11760 levels.