19 Jan 2015
DAX trades close to Record Highs on ECB stimulus bets
FXStreet (Mumbai) - Germany’s benchmark index, the DAX, witnessed solid gains today, trading near its all-time high, as investors remain optimistic ahead of the European Central Bank (ECB) gathering later this week.
Currently, the DAX 30 traded at 10210 levels, up 0.42%, having hit all time high at 10254.80 levels in the opening hours. The DAX continues to bask in the glory as traders gradually price-in ECB’s aggressive action in the upcoming meeting this Thursday.
The index is seen trading with a positive market breadth with an advance decline ratio of 16:14. Among major gainers, Fresenius SE & Co KG, Merck KGaA and Daimler AG climbed 0.03% to 1.70%. Among the major losers, Heidelberg Cement AG, Deutsche Lufthansa AG and Siemens AG declined -0.03% to -1.48%.
DAX Technical Levels
The index has an immediate resistance at 10254.80 levels. Meanwhile, support is seen at 10083 levels and 9922 levels.
Currently, the DAX 30 traded at 10210 levels, up 0.42%, having hit all time high at 10254.80 levels in the opening hours. The DAX continues to bask in the glory as traders gradually price-in ECB’s aggressive action in the upcoming meeting this Thursday.
The index is seen trading with a positive market breadth with an advance decline ratio of 16:14. Among major gainers, Fresenius SE & Co KG, Merck KGaA and Daimler AG climbed 0.03% to 1.70%. Among the major losers, Heidelberg Cement AG, Deutsche Lufthansa AG and Siemens AG declined -0.03% to -1.48%.
DAX Technical Levels
The index has an immediate resistance at 10254.80 levels. Meanwhile, support is seen at 10083 levels and 9922 levels.