11 Feb 2015
DAX muted, EU Meetings in focus
FXStreet (Mumbai) - Germany’s benchmark index, the DAX, remains subdued after opening slightly higher as traders focus on Greece developments, while the Minsk summit will also be in the spotlight.
Currently, the DAX 30 traded slightly lower by -0.14% at 10,739 levels, moving away from day’s highs posted at 10792.30 levels. The DAX remains cautious following its European counterparts as the Greek finance minister is set to propose a new plan at the Euro group meeting. While officials from Russia, Ukraine, Germany and France will meet today to find a diplomatic solution to the ongoing crisis in Ukraine.
The index is seen trading with a negative market breadth with an advance decline ratio of 9:20. Among major gainers, Infineon Technologies is the top gainer, up 0.35% on the day. On the losing end, LANXESS AG and Siemens are down -1.13% each.
DAX Technical Levels
The index has an immediate resistance at 10800 and above that at 10914. Meanwhile, support is seen at 10650 levels and 10512 levels.
Currently, the DAX 30 traded slightly lower by -0.14% at 10,739 levels, moving away from day’s highs posted at 10792.30 levels. The DAX remains cautious following its European counterparts as the Greek finance minister is set to propose a new plan at the Euro group meeting. While officials from Russia, Ukraine, Germany and France will meet today to find a diplomatic solution to the ongoing crisis in Ukraine.
The index is seen trading with a negative market breadth with an advance decline ratio of 9:20. Among major gainers, Infineon Technologies is the top gainer, up 0.35% on the day. On the losing end, LANXESS AG and Siemens are down -1.13% each.
DAX Technical Levels
The index has an immediate resistance at 10800 and above that at 10914. Meanwhile, support is seen at 10650 levels and 10512 levels.