9 Mar 2015
DAX falls amid Greek jitters
FXStreet (Mumbai) - Germany’s benchmark index, the DAX opened the week on a negative note and remained in red as fears over Grexit and a sooner interest rate hike in the US hampered investors' appetite for stocks.
Currently, the DAX 30 trades lower by -0.25% at 11522 levels, having previously posted day’s low at 11461.86 levels. The DAX edged lower as traders remained cautious ahead of Euro group meeting as renewed Greece jitters returns to markets. Moreover, worries that better-than-expected US non-farm payrolls may prompt the Federal Reserve to hike its interest rates sooner than initially expected spooked markets.
The index is seen trading fairly balanced with an advance decline ratio of 15:15. Among major gainers, LANXESS AG is the top gainer, up 1.38%, followed by Heidelberg Cement up nearly 1%. While, Deutsche Boerse is the top loser on the index, down -0.93%. SAP SE is declining -0.53%.
DAX Technical Levels
The index has an immediate resistance at 11600. Meanwhile, support is seen at 11450 levels and 11330 levels.
Currently, the DAX 30 trades lower by -0.25% at 11522 levels, having previously posted day’s low at 11461.86 levels. The DAX edged lower as traders remained cautious ahead of Euro group meeting as renewed Greece jitters returns to markets. Moreover, worries that better-than-expected US non-farm payrolls may prompt the Federal Reserve to hike its interest rates sooner than initially expected spooked markets.
The index is seen trading fairly balanced with an advance decline ratio of 15:15. Among major gainers, LANXESS AG is the top gainer, up 1.38%, followed by Heidelberg Cement up nearly 1%. While, Deutsche Boerse is the top loser on the index, down -0.93%. SAP SE is declining -0.53%.
DAX Technical Levels
The index has an immediate resistance at 11600. Meanwhile, support is seen at 11450 levels and 11330 levels.