Germany’s DAX continues to print fresh record highs, ending yesterday’s session above the 15000 at 15041, supported by automakers, Biden’s unveiling of a USD2.25 trillion infrastructure package, and assurances from ECB President Lagarde that policy makers are ready to use full range of tools. Weaker than expected German Retail Sales released this morning did little to dent sentiment as investors look ahead towards German and Eurozone Markit Manufacturing PMI data, with a weaker reading to favor a pullback lower back towards 15000.
Support: 15000 / 14800
Risk Warning: 79% of retail CFD accounts lose money
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