21 Jul 2015
European indices trade listless, awaits fresh impetus
FXStreet (Mumbai) - European stocks were showing virtually no movement and remained flat, with volatility expected to be only minimal as the balance of the day offers nothing in terms of economic news for further momentum. Meanwhile, markets were left unimpressed after Goldman Sach’s upgraded European stocks to ‘overweight’.
Germany's DAX 30 index added 0.07% to 11,743, and the UK FTSE 100 fell 0.1% to 6,781. Among the other indices, the French CAC 40 index gained 0.07% to 5,148.84, and the pan-European Euro Stoxx 50 was dead flat at 3,685.
The DAX trades with a negative market breadth with the advance-decline ration being 13:16. Heidelberg Cement is the top gainer, up 0.48%. On the other hand, Deutsche Lufthansa AG is losing -1.10% followed by Bayer AG, down -0.76%.
DAX Technical Levels
The index has an immediate resistance at 11802. Meanwhile, support is seen at 11600 levels and 11414 levels.
Germany's DAX 30 index added 0.07% to 11,743, and the UK FTSE 100 fell 0.1% to 6,781. Among the other indices, the French CAC 40 index gained 0.07% to 5,148.84, and the pan-European Euro Stoxx 50 was dead flat at 3,685.
The DAX trades with a negative market breadth with the advance-decline ration being 13:16. Heidelberg Cement is the top gainer, up 0.48%. On the other hand, Deutsche Lufthansa AG is losing -1.10% followed by Bayer AG, down -0.76%.
DAX Technical Levels
The index has an immediate resistance at 11802. Meanwhile, support is seen at 11600 levels and 11414 levels.