8 Apr 2015
DAX clings on to 12k
FXStreet (Mumbai) - Germany’s benchmark index, the DAX opened slightly lower and declined thereon, clinging on to 12k mark, as mixed Euro zone data and Greece jitter kept investors at bay.
Currently, the DAX 30 trades lower by nearly 0.50% at 12070.50 levels, retreating from session highs at 12123.30. The DAX keeps losses as traders remain cautious ahead of the upcoming Federal Reserve (Fed) meeting minutes, and still focusing on Greece. Greek Prime Minister Alexis Tsipras is visiting Moscow to meet Russian President Vladimir Putin, with some speculating Athens may be seeking financial aid.
The index is seen trading with a positive market breadth, the advance-decline ratio being 17:13.
Deutsche Lufthansa is the top gainer, up 2.54%, followed by ThyssenKrupp AG which is up 1.36%. BMW lags the index by -2.17%, followed by Daimler AG which is down -1.48%.
DAX Technical Levels
The index has an immediate resistance at 12195. Meanwhile, support is seen at 12k levels and 11880 levels.
Currently, the DAX 30 trades lower by nearly 0.50% at 12070.50 levels, retreating from session highs at 12123.30. The DAX keeps losses as traders remain cautious ahead of the upcoming Federal Reserve (Fed) meeting minutes, and still focusing on Greece. Greek Prime Minister Alexis Tsipras is visiting Moscow to meet Russian President Vladimir Putin, with some speculating Athens may be seeking financial aid.
The index is seen trading with a positive market breadth, the advance-decline ratio being 17:13.
Deutsche Lufthansa is the top gainer, up 2.54%, followed by ThyssenKrupp AG which is up 1.36%. BMW lags the index by -2.17%, followed by Daimler AG which is down -1.48%.
DAX Technical Levels
The index has an immediate resistance at 12195. Meanwhile, support is seen at 12k levels and 11880 levels.