Wednesday’s session in Europe was one with small rebound after decreases. Bulls were steady because of FOMC report in the evening. According to expectations FOMC members were divided in case of hiking interest rates in the next meetings and most of the members were ready to wait and watch global financial situation.
Most European indices gained: English FTSE100 +1.16%, French CAC40 +0.81%, German DAX +0.64%. 24 out of 30 DAX companies gained some value, the most Merck +2.67%. Americans were in even better moods: S&P500 +1.05%, NASDAQ +1.59%.
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On Wednesday DAX tested March 10th low – 9,500 pts area and this level caused rebound. This level was not so obvious because on futures the low was 50 pts lower. For this moment success of bulls is going back above 9,600 pts however so far there is lack of any optimistic points on the chart.
