DAXEUR

The DAX index, which is the locomotive of global risk appetite, turned downward after Powell's hawkish messages. With investors avoiding risky assets, the index, which remained below the 23709.50 pivot level, has support levels of 23624.70 and 23516.80 on the agenda. Weak upcoming US data today could increase concerns about global slowdown, sustaining selling pressure and causing the index to test these support levels.