10 Mar 2015
DAX retreats from highs, Greece remains in focus
FXStreet (Mumbai) - Germany’s benchmark index, the DAX opened slightly lower and remained subdued thereon as traders in the region bet whether there will be some progress in debt talks between Greece and its creditors.
Currently, the DAX 30 trades lower by -0.39% at 11538.80 levels, having previously posted day’s low at 11524 levels. The DAX edged lower as traders remained cautious over Greece uncertainties as the country is due to hold debt talks with the Troika. Greece and its international creditors are expected to start discussions on the country's reforms tied to its emergency financing tomorrow.
The index is seen trading with a negative market breadth with an advance decline ratio of 13:17. Among major gainers, Fresenius SE is the top gainer, up 2.20%, followed by K+S AG up nearly 1.56%. While, Heidelberg Cement AG is the top loser on the index, down -1.49%. Deutsche Bank is declining -0.46%.
DAX Technical Levels
The index has an immediate resistance at 11600. Meanwhile, support is seen at 11450 levels and 11330 levels.
Currently, the DAX 30 trades lower by -0.39% at 11538.80 levels, having previously posted day’s low at 11524 levels. The DAX edged lower as traders remained cautious over Greece uncertainties as the country is due to hold debt talks with the Troika. Greece and its international creditors are expected to start discussions on the country's reforms tied to its emergency financing tomorrow.
The index is seen trading with a negative market breadth with an advance decline ratio of 13:17. Among major gainers, Fresenius SE is the top gainer, up 2.20%, followed by K+S AG up nearly 1.56%. While, Heidelberg Cement AG is the top loser on the index, down -1.49%. Deutsche Bank is declining -0.46%.
DAX Technical Levels
The index has an immediate resistance at 11600. Meanwhile, support is seen at 11450 levels and 11330 levels.