DAXEUR

European stock markets, which have shown high performance since the beginning of the year, have given back some of their gains this week. Similar pressures in the US and Asia make it unsurprising that Europe is joining this trend. The DAX40 index, which has reacted optimistically with a response six times greater than the 2.50% deposit interest against 2.40% inflation since the beginning of the year, is striving for a positive trajectory this week. Today, growth data from the UK and consumer sentiment and inflation expectations from Michigan in the US are among the key agenda items.

The DAX40 is displaying a notable struggle with its weekly performance. From a technical analysis perspective, the Envelope indicator sets significant levels at 22370 and 22830. Recently, the index has shown a neutral appearance between these levels. For clearer movements, sustained exits from this range are necessary; otherwise, the index may continue to exhibit a tendency to consolidate within the current area. Important levels: 22370 and 22830.