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10 Feb 2015
DAX treads water ahead of Greece - EU Meeting
FXStreet (Mumbai) - Germany’s benchmark index, the DAX, trades mixed after opening with mild losses as traders focus on Greece as it prepares to present a new deal to its international creditors.
Currently, the DAX 30 traded flat at 10,660 levels, moving away from day’s highs posted at 10684.80 levels. The DAX remain cautious following its European counterparts as all eye rest on escalating situation in Greece as Euro zone finance ministers are scheduled to meet on Wednesday to discuss a solution to Greece's debt.
The index is seen trading with a positive market breadth with an advance decline ratio of 16:14. Among major gainers, Heidelberg Cements leads the index gaining 1%. On the losing end, Deutsche Bank AG, LANXESS AG and Volkswagen AG are down -0.60% each.
DAX Technical Levels
The index has an immediate resistance at 10765 and above that at 10828. Meanwhile, support is seen at 10552 levels and 10450 levels.
Currently, the DAX 30 traded flat at 10,660 levels, moving away from day’s highs posted at 10684.80 levels. The DAX remain cautious following its European counterparts as all eye rest on escalating situation in Greece as Euro zone finance ministers are scheduled to meet on Wednesday to discuss a solution to Greece's debt.
The index is seen trading with a positive market breadth with an advance decline ratio of 16:14. Among major gainers, Heidelberg Cements leads the index gaining 1%. On the losing end, Deutsche Bank AG, LANXESS AG and Volkswagen AG are down -0.60% each.
DAX Technical Levels
The index has an immediate resistance at 10765 and above that at 10828. Meanwhile, support is seen at 10552 levels and 10450 levels.