29 Jan 2015
DAX declines ahead of German CPI
FXStreet (Mumbai) - Germany’s benchmark index, the DAX edged lower as weaker corporate results continued to weigh on the market sentiment ahead of Germany's first official inflation figures.
Currently, the DAX 30 traded at 10679.50 levels, down -0.30%, retreating from day’s high posted at 10689 levels. The DAX trades subdued in a narrow range as traders remain cautious eyeing the developments in Greece and Germany’s CPI data.
The index is seen trading with a positive market breadth with an advance decline ratio of 21:9. Among major gainers, Deutsche Bank AG lead the index gaining 2.60%, followed by K+S AG which rose 1.24%. On the losing end, Fresenius SE & Co, adidas AG and Linde AG are declining -0.57% to -1.29%.
DAX Technical Levels
The index has an immediate resistance at 10810. Meanwhile, support is seen at 10439 levels and 10300 levels.
Currently, the DAX 30 traded at 10679.50 levels, down -0.30%, retreating from day’s high posted at 10689 levels. The DAX trades subdued in a narrow range as traders remain cautious eyeing the developments in Greece and Germany’s CPI data.
The index is seen trading with a positive market breadth with an advance decline ratio of 21:9. Among major gainers, Deutsche Bank AG lead the index gaining 2.60%, followed by K+S AG which rose 1.24%. On the losing end, Fresenius SE & Co, adidas AG and Linde AG are declining -0.57% to -1.29%.
DAX Technical Levels
The index has an immediate resistance at 10810. Meanwhile, support is seen at 10439 levels and 10300 levels.