DAXEUR

The Dax40 index exhibited a volatile trajectory on Wednesday as investors responded to historic political reforms in Germany and developments regarding a ceasefire in Ukraine. Supported by financial reforms and a decrease in geopolitical risks, the index is maintaining its upward trend despite some pressure from the Fed's decision to keep interest rates unchanged. Key data points throughout the day include the German Buba Monthly Report, ECB President Lagarde’s speech, and Consumer Confidence figures.

From a technical perspective, the Dax40 is trading above the levels supported by short-term moving averages (13 and 50 periods). Our positive outlook increases as long as the Dax40 remains above the 23,351 level. If the upward trend continues, the levels of 23,720 and 23,938 may be considered. However, a sustained drop below 23,351 could lead to a bearish outlook.