On Tuesday Americans came back on markets and so did optimism. Day started with gains in China and it started European session. All German indices ended with huge grows: DAX +1,61%, MDAX +1,23%; SDAX +0,97%; TECDAX +1,53%. All of the stocks in DAX30 were growing. 3 stocks grew more than 5%: K+S +7,25%, Commerzbank +6,81%, RWE +5,69%.
Today and tomorrow we wait for important data – central banks meetings. It will have big influence on currencies of these countries, but also somehow on stocks and indices. Today at 4 PM there will be decision about rates by Canadian BoC. At 11 PM we will know RBNZ decision, where expectations are that Bank will lower rates by 0.25 pts. Tomorrow at 11 AM news from England. Markets don’t expect any change of rates by BoE. Further dovish sentiment by central banks will be signal to grow and introduction to next week FED.
Today’s session China ended with grows, but true hero was Japanese NIKKEI225, which gained 7,71%. On DAX futures resistance has been breached, the one which stopped bulls for the last 3 weeks. Now next task of bulls will be breaking strong resistance, which was key support for DAX since beginning of the year.