On Wednesday started announcement of Janet Yellen report in front of congressmen. We could find out that “market conditions let only to gradual interest hikes”, “if data will be disappointing, lower path of interest rates will be correct”.
As a result we saw decrease of EURUSD and gains on world stocks. French CAC40 +1.59%, English FTSE100 +0.71%, German DAX +1.55%. Among DAX companies banks had the best score: Commerzbank +8.22%, Deutsche Bank +10.2% but it is worth to notice that DB stocks lost 40% this year. Only 2 out of 30 companies lost some value: RWE -3.10%, E.ON -3.95%. Good moods didn’t last in the US. All session S&P500 wan on plus but ended with -0.02% score. NASDAQ +0.35%.
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On Wednesday DAX came back above 9,000 pts and bulls managed to keep it. For a moment 9,120 pts level was tested but it didn’t last. Situation looks worse on DAX future – session ended on 8,900 pts. Important supports are at 8,900 pts, 8,700 pts, resistances: 9,000 pts, 9,300 pts.
