9 Jul 2015
DAX rises over 1.50% on renewed Greek hopes
FXStreet (Mumbai) - Germany’s benchmark index, the DAX extends gains for the second straight session amid optimism that Greece and its creditors will be able to strike a last-minute deal and keep the country in the euro zone.
Currently, the DAX 30 trades 1.70% higher at fresh session highs of 10934 levels, retracing from lows reached at 10779.50. German stocks rebounds higher as markets await a fresh proposal from Greece later today, with increased expectations of a deal to be struck shortly.
The index trades with a clear positive market breadth with all stock on the wining end Continental AG is the top gainer, up 3.48%, followed by BMW which is advancing 3.39%. While Deutsche Bank AG is up 3.16%.
DAX Technical Levels
The index has an immediate resistance at 11k. Meanwhile, support is seen at 10765 levels and 10594 levels.
Currently, the DAX 30 trades 1.70% higher at fresh session highs of 10934 levels, retracing from lows reached at 10779.50. German stocks rebounds higher as markets await a fresh proposal from Greece later today, with increased expectations of a deal to be struck shortly.
The index trades with a clear positive market breadth with all stock on the wining end Continental AG is the top gainer, up 3.48%, followed by BMW which is advancing 3.39%. While Deutsche Bank AG is up 3.16%.
DAX Technical Levels
The index has an immediate resistance at 11k. Meanwhile, support is seen at 10765 levels and 10594 levels.