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6 Feb 2015
DAX falls as Greece talks weigh
FXStreet (Mumbai) - Germany’s benchmark index, the DAX, opened slightly lower and remained weak as Greece debt re-negotiations continued to dampen investor's sentiment.
Currently, the DAX 30 traded -0.75% at 10,823.80 levels, moving away from day’s highs posted at 10875.30 levels. The DAX remained lower amid continued uncertainty surrounding Greece's sovereign debt problems, as traders now shift their focus to the impending US jobs report.
The index is seen trading with a negative market breadth with an advance decline ratio of 8:22. Among major gainers, Commerzbank AG leads the index gaining 0.90%. On the losing end, Bayer AG, Fresenius SE and Deutsche Lufthansa are down -1.99% to -2.91%.
DAX Technical Levels
The index has an immediate resistance at 10984. Meanwhile, support is seen at 10770 levels and 10650 levels.
Currently, the DAX 30 traded -0.75% at 10,823.80 levels, moving away from day’s highs posted at 10875.30 levels. The DAX remained lower amid continued uncertainty surrounding Greece's sovereign debt problems, as traders now shift their focus to the impending US jobs report.
The index is seen trading with a negative market breadth with an advance decline ratio of 8:22. Among major gainers, Commerzbank AG leads the index gaining 0.90%. On the losing end, Bayer AG, Fresenius SE and Deutsche Lufthansa are down -1.99% to -2.91%.
DAX Technical Levels
The index has an immediate resistance at 10984. Meanwhile, support is seen at 10770 levels and 10650 levels.