DAX 30 extends decline as economic sentiment worsens

Note: This section contains information in English only.
Source: Dukascopy Bank
German DAX index faced a choppy session on Thursday as economic sentiment for the Euro region declined unexpectedly. All nine sectors traded into negative area led by heavyweight auto makers which contributed most to German benchmark's loss. Daimler AG fell 2.4%, BMW AG dropped 0.6% and Volkswagen AG tumbled 2.8%. ThyssenKrupp AG lost 1.2% after Exane BNP Paribas downgraded its stock from neutral to underperform. At the moment of writing DAX 30 trades 1.16% or 81.45 points lower at 6,917.35.

Back to articles

Actual Topics

Thu, 29 Mar 2012 14:00:00 GMT

Emerging patterns: GBP/USD 4h Chart: Channel Up

GBP/USD was traded in a wide range during the last month and has formed a Channel Up pattern on 4H chart. The formation has 60% quality along with 100% magnitude in a 80-bar period.Cable tested its resistance level twice and bounced off from $1.6000 to its support level near $1.5849. The price tried to recover but did not succeed and

Mon, 02 Apr 2012 09:10:13 GMT

Bernanke: Fed to 'remain cautious'

Ben Bernanke, chairman of Fed, hinted that the central bank of the US is likely to continue its economy-stimulating measures, citing overall weakness of the US job market despite increased hiring in the last three months. He also claimed that Fed has to 'remain cautious', which was interpreted by many analysts as a sign of maintaining record low interest rates

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.