Yesterday before session there markets get to know German data from industrial sector. This data disappointed, it was worse than expectations. Investors shrugged this off and session started with gains. Without doubt bullish S&P500 futures and decreases on EURUSD helped. Gains on DAX reached 10,093 pts and then American session started weak, what helped bears in Europe too. If you are interested in investing on indices like DAX30, try free FxGrow account.
DAX gained yesterday 0.68%, but other German indices decreased: MDAX -0.14%, TECDAX -1.16%, SDAX -0.04%. 18 out of 30 DAX companies gained and 12 lost some value. The biggest gains: Volkswagen +7.12%, RWE +4.90%, BMW +4.28%. The biggest decreases: Fresenius SE -2.54%, Deutsche Boerse -2.46%. Yesterday was third bullish day on DAX in a row, but look of the daily candle can bring some fears. However Wall Street ended with gains what should help Europe in the beginning of session.
Yesterday there was publication of data about sentiment among investors on DAX:
- institutional: bulls = 65%, bears = 18%, neutral = 17%;
- private: bulls = 65%, bears = 17%, neutral = 18%.
Both individual and institutional investors have the same view on DAX and the optimism is at highest level since more than year.
