DAXEUR

The new week began under the uncertainty of trade wars, increasing pressure on global stock indices and companies. While Europe has maintained a positive trend this year, recent developments cast doubt on its sustainability. The Green Party’s lack of support for defense and infrastructure spending in Europe is notable. Germany’s 10-year bond yields fell, and European stock indices saw average losses close to 1%. The DAX40 index dropped over 1.5% from its peak, raising concerns about its short-term trend.

Technically, the 22370 – 22680 range, marked by the lower Envelope indicator and the 89-period average, is critical. Holding above this range may support the positive trend, while falling below could signal a shift. Today’s key focus is whether the index will sustain or deviate from this level.