Yesterday there was no interesting data in the calendar. In the morning there was publication of Chinese GDP, it was a little better than expectations. It didn’t have much influence for the markets. EURUSD was a little lower with a close on -0.2% – 1.1331. Some of European indices gained, some decreased. The biggest losses of European stocks – English FTSE100 -0.40% and Polish WIG20 -0.51%. French CAC40 ended around zero: +0.03%. All German indices gained some value: DAX +0.59%, MDAX +0.55%, TECDAX +1.13%, SDAX +1.10%. 23 out of 30 DAX companies had profit, the most Deutsche Bank +3.7%, Fresenius SE +1.75%, Lufthansa +1.69%. 7 companies lost, the most: RWE -2.63%, E.ON -1.46%, Volkswagen -1.40%.
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During this week there are three things in the calendar which can move DAX. Today there is data about German producers inflation, on Friday German and EU zone PMI. The most important will be Thursday and ECB meeting about interest rates and press conference with Mario Draghi.
On DAX Future bulls have problem with resistance at 10,180 pts, if they break it they will reach another resistance at 10,330 pts. If there will be reversal the index can go all the way to support at 10,140 pts and if it will be broken next supports are at 10,120 and 10,050 pts.
