FXStreet (Mumbai) – Germany’s benchmark index, the DAX trades modestly flat with no fresh news on Greece while traders remain cautious ahead of the US non-farm payrolls.
Currently, the DAX 30 trades flat at 11179.30 levels, supported above 11k threshold. German stocks trades directionless today amid a slightly lifted euro as traders probably await the crucial US jobs data to decide on direction, as the Greek story failed to provide any update.
The index trades with a positive market breadth with the advance-decline ratio being 17:12. RWE AG leads the index, up 4.73% followed by E.ON SE, gaining 2.80%. On the losing end, Continental AG is down -0.45% followed by K+S AG which is losing -0.37%.
DAX Technical Levels
The index has an immediate resistance at 11299.61. Meanwhile, support is seen at 11000 levels and 10806 levels.
(Market News Provided by FXstreet)