2 Jul 2015
DAX subdued ahead of US jobs data
FXStreet (Mumbai) - Germany’s benchmark index, the DAX trades modestly flat with no fresh news on Greece while traders remain cautious ahead of the US non-farm payrolls.
Currently, the DAX 30 trades flat at 11179.30 levels, supported above 11k threshold. German stocks trades directionless today amid a slightly lifted euro as traders probably await the crucial US jobs data to decide on direction, as the Greek story failed to provide any update.
The index trades with a positive market breadth with the advance-decline ratio being 17:12. RWE AG leads the index, up 4.73% followed by E.ON SE, gaining 2.80%. On the losing end, Continental AG is down -0.45% followed by K+S AG which is losing -0.37%.
DAX Technical Levels
The index has an immediate resistance at 11299.61. Meanwhile, support is seen at 11000 levels and 10806 levels.
Currently, the DAX 30 trades flat at 11179.30 levels, supported above 11k threshold. German stocks trades directionless today amid a slightly lifted euro as traders probably await the crucial US jobs data to decide on direction, as the Greek story failed to provide any update.
The index trades with a positive market breadth with the advance-decline ratio being 17:12. RWE AG leads the index, up 4.73% followed by E.ON SE, gaining 2.80%. On the losing end, Continental AG is down -0.45% followed by K+S AG which is losing -0.37%.
DAX Technical Levels
The index has an immediate resistance at 11299.61. Meanwhile, support is seen at 11000 levels and 10806 levels.