Tuesday’s session in Europe started in good moods after positive close of a session in China. After decreases in the first hours bulls came in and eventually Shanghai Composite Index ended day with 0.2% gain. After all this days of decreases (in case of German DAX it was 7 sessions in a row) we don’t need much to rebound.
During the day moods in Europe were great, English FTSE100 grew more than 2%, French CAC40 and German DAX almost 3%. They couldn’t keep so big score till the end of session because moods on Wall Street were much worse. Eventually German DAX closed with +1.63% gain, and the European leader was Polish WIG20 +2.74%. 26 out of 30 DAX companies gained, the most SAP +3.70%, Volkswagen +3.33%, Beiersdorf +3.02%. 4 companies lost, the most Lufthansa -2.08%.
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The beginning of Wednesday’s session should be positive thanks to good Wall Street close where the day ended in area of daily high. On DAX future we saw dynamic break of resistance at 9,970 pts and appreciation stopped at 10,090 pts. The closest resistances 10,120 pts, 10,210 pts, 10,340 pts. The closest supports 9,970 pts, 9,770 pts, 9,650 pts.
