DAXEUR

Global stock indices have just completed a week marked by varying performances. In the U.S., the impact of Trump's tariffs and geopolitical uncertainties between Russia and Ukraine, combined with the release of corporate financial results, shaped the stock indices. In Asia, Hong Kong led with a 2.75% gain, while Japan's Nikkei225 recorded the worst performance with a 1.20% decline. In the U.S., the S&P 500 index remained nearly stable, while Europe's DAX 40 index attracted attention with a 1% decrease. Today’s PMI data is critically important for growth dynamics.

Technical analysis of the DAX 40 index shows that it has been trading close to the 22,380 level, which is the 55-period average. To maintain its optimistic outlook, it needs to stay above this level. Price movements above the 22,680 level, which is the 21-period average, could signal a bullish trend. However, if pressure arises and the index falls below the 55-period average, it may lead to the end of the current trend and push the index towards the 21,910 – 22,050 range.