In the beginning of yesterday’s session in Europe we saw decreases on Chinese stocks and work-free day in Japan. A little rebound in the first half an hour ended after publication of data about German PMI. It was better than expected and it started gains. For the rest of session index reacted for environment, the biggest impact on DAX had EURUSD price and Wall Street session.
All German indices ended day on similar level to Friday’s close. 11 out of 30 DAX companies gained, the most: Adidas +1.46% and Volkswagen +1.34%. VW is increasing after breaking psychological level of 100 EUR, it ended day on almost 109.90 EUR. 19 companies lost, the most RWE -4.97%, E.ON -1.62%, Lufthansa -2.11%.
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On Tuesday morning we knew German GDP which was the same as last time and expectations. Soon we will know IFO Institute index. DAX is now closed between resistance at 11,150 pts and support at 11,000 pts. Today’s data and situation on other markets can indicate direction of DAX in near time.
