Tuesday’s session started with small decrease after a small session in Asia. It happened because of disappointing BOJ meeting. Although QE program and negative rates are already there, but investors are acting like drug addicts seeking for bigger doses.
Tuesday’s session started from 40 pts bearish gap, but volatility was only 85 pts during all session. Despite few tries of breaking 9,910 pts support it was defended and DAX ended with -0.56% score. 23 out of 30 DAX companies lost some value, the most RWE -3.12%. The biggest appreciation happened in Lufthansa +0.60%.
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On Wednesday after end of European session the most expected data – FOMC decision about US interest rates. Then there will be Janet Yellen’s conference. Markets do not expect rates hike but FED President will be listened very carefully. Supports for Wednesday: 9,910 pts, 9,850 pts. Resistances: 10,000 pts, 10,130 pts.
