3 Dec 2014
DAX gains 0.33%
FXStreet (Mumbai) - The Germany’s Dax index opened higher today as prices made a weak attempt to test 10,000 levels after having failed to sustain gains above the same yesterday.
The Dax traded 0.31% higher at 9965.30 levels, compared to the previous session’s close of 9934.08 levels. The index breadth is positive with an advance-decline ratio of 24:6. Among stocks, shares in Germany’s sportswear firm Adidas AG are down 3.17% on fears over the company’s exposure to Russia’s troubled economy. Other major losers include shares in Fresenius ST, SAP AG, and BMW ST.
Meanwhile, on the plus side are shares in Infineon AG, up by 2.02%, followed by ThyssenKrupp AG, up by 1.46%. Deutsche Bank AG and Lufthansa AG are up 1.25% and 1.06% respectively. Overall, the gains in the index are capped by Retail stocks, which are trading down by 2.66%.
DAX Technical Levels
The index has an immediate resistance at 10,000, above which gains could be extended to 10,038 levels. Meanwhile, support is seen at 9906 and 9891 levels.
The Dax traded 0.31% higher at 9965.30 levels, compared to the previous session’s close of 9934.08 levels. The index breadth is positive with an advance-decline ratio of 24:6. Among stocks, shares in Germany’s sportswear firm Adidas AG are down 3.17% on fears over the company’s exposure to Russia’s troubled economy. Other major losers include shares in Fresenius ST, SAP AG, and BMW ST.
Meanwhile, on the plus side are shares in Infineon AG, up by 2.02%, followed by ThyssenKrupp AG, up by 1.46%. Deutsche Bank AG and Lufthansa AG are up 1.25% and 1.06% respectively. Overall, the gains in the index are capped by Retail stocks, which are trading down by 2.66%.
DAX Technical Levels
The index has an immediate resistance at 10,000, above which gains could be extended to 10,038 levels. Meanwhile, support is seen at 9906 and 9891 levels.