17 Nov 2014
DAX declines 0.30%
FXStreet (Mumbai) - The German equity markets trade lower as sentiment soured after Japan fell into a recession. Markets also eyed comments by European Central Bank President Mario Draghi later in the day.
The German blue chip index Dax traded 0.35% lower at 9218.80 at the time of writing. The index breadth is negative with an advance decline ratio of 8:22. Among stocks, Merck gained 2.74%, followed by the 1 % gain in Thyssenkrupp AG. Meanwhile, on the minus side are stocks like Continental AG, E.ON SE, RWE AG ST, Fresenius SE.
Dax Technical Levels
The index has a strong resistance at 9266, above which the gains may be extended to 9310 levels. On the flip side, support is seen at 9172 and 9156 levels.
The German blue chip index Dax traded 0.35% lower at 9218.80 at the time of writing. The index breadth is negative with an advance decline ratio of 8:22. Among stocks, Merck gained 2.74%, followed by the 1 % gain in Thyssenkrupp AG. Meanwhile, on the minus side are stocks like Continental AG, E.ON SE, RWE AG ST, Fresenius SE.
Dax Technical Levels
The index has a strong resistance at 9266, above which the gains may be extended to 9310 levels. On the flip side, support is seen at 9172 and 9156 levels.