DAXEUR

The Dax40 index is currently under some pressure following new announcements of additional tax tariffs from the US. Trump announced that starting June 4, the customs duties on steel and aluminum imports will be raised from 25% to 50%. On the other hand, Ukraine has shot down over 40 Russian planes in attacks on Russian territory using drones. Moscow targeted Ukraine just hours before both sides were set to meet for new direct talks in Istanbul. These developments have negatively affected investors' appetite for risk.

From a technical perspective, the Dax40 is seen trading above the support levels indicated by the short-term moving averages (20, 50, and 100 periods). As long as Dax40 remains above the 23896 level, it may continue to show a positive outlook. If the upward momentum persists, the resistance levels of 24228 and 24416 could be targeted. However, if it falls below the 23896 level, a negative scenario may arise.