Back
11 May 2015
DAX subdued amid Euro group meetings
FXStreet (Mumbai) - Germany’s benchmark index, the DAX started the week on a softer note with the stock declining as traders remain on the back foot as Greece concerns returned to markets as euro zone finance ministers meet at Brussels.
Currently, the DAX 30 trades lower by -0.41% at 11662 levels, retreating from 11704.80 session highs. The DAX remained in red as negotiations to secure the release of additional short-term financing for Greece will resume later in the day in Brussels.
The index is seen trading with a negative market breadth, the advance-decline ratio being 11:18. Deutsche Lufthansa is the top gainer up 3.91%, followed by K+S AG gaining 0.98%. Continental AG is the top loser so far, down -1.18% on the day. While Beiresdorf AG slides -0.88%.
DAX Technical Levels
The index has an immediate resistance at 11751. Meanwhile, support is seen at 11415 levels and 11200 levels.
Currently, the DAX 30 trades lower by -0.41% at 11662 levels, retreating from 11704.80 session highs. The DAX remained in red as negotiations to secure the release of additional short-term financing for Greece will resume later in the day in Brussels.
The index is seen trading with a negative market breadth, the advance-decline ratio being 11:18. Deutsche Lufthansa is the top gainer up 3.91%, followed by K+S AG gaining 0.98%. Continental AG is the top loser so far, down -1.18% on the day. While Beiresdorf AG slides -0.88%.
DAX Technical Levels
The index has an immediate resistance at 11751. Meanwhile, support is seen at 11415 levels and 11200 levels.