DAXEUR

The DAXEUR index is experiencing fluctuations in global markets due to the increasing artificial intelligence competition between the US and China. Developments concerning the costs of AI companies in the US are causing selling pressure on stock indices, while a more cautious movement is observed in Asian markets. Value losses in major companies like Nvidia are particularly heightening uncertainties in the technology sector. Moreover, developments regarding trade policies between the US and China and messages from central banks such as the ECB and Fed continue to exert influence on the markets.

Technically, the DAXEUR index is at the level of 21478 and has shown an increase of 0.23% in today's trading. The levels of 21385, 21320, and 21200 are monitored as support for the index, while resistance levels of 21555, 21630, and 21700 are followed in upward movements. The RSI indicator gives a neutral signal at the current level. The index's ability to remain above the short-term 21-period average might indicate that a positive outlook could continue. However, profit-taking or reactionary selling should not be overlooked at the resistance levels to be monitored.