FXStreet (Mumbai) – Germany’s benchmark index, the DAX edged lower today mainly tracking its European counterparts as weaker ZEW and EZ industrial production releases dampened market sentiments while doubts over Greece ahead of tomorrow’s parliament vote also weighed.
Currently, the DAX 30 trades -0.47% lower at 11431, retreating from fresh multi-week highs of 11506.98 levels. German stocks came under pressure as markets digest the latest economic releases from the Euro zone while awaiting fresh Greece updates. Moreover, stronger euro also weighed on the exporters’ stocks dragging the index lower.
The index trades with a negative market breadth with the advance-decline ratio being 12:18. Deutsche Lufthansa AG is the top gainer, up 0.89%, followed by Henkel AG which is advancing 077%. While Volkswagen AG is the biggest loser, down 2.49%, followed by Continental AG losing -1.85%.
DAX Technical Levels
The index has an immediate resistance at 11561. Meanwhile, support is seen at 11352 levels and 11149.27 levels.
(Market News Provided by FXstreet)