16 Feb 2015
DAX declines ahead of Euro group meeting
FXStreet (Mumbai) - Germany’s benchmark index, the DAX, opened slightly lower, moving away from all-time highs reached in the previous session and fell further ahead of another round of Greece debt talks.
Currently, the DAX 30 traded lower by -0.42% at 10,918 levels, having previously posted record highs at 11013 levels on Friday. The DAX traded lower as traders remain nervous as Euro zone finance ministers resume talks in Brussels later in the day over Greece debt relief program.
The index is seen trading with a negative market breadth with an advance decline ratio of 11:19. Among major gainers, Commerzbank AG is the top gainer, up 2.08%, followed by LANXESS AG up nearly 1.25% on the day. On the losing end, Fresenius Medical and Siemens AG are down -1.25% to -1.40%.
DAX Technical Levels
The index has an immediate resistance at 11k. Meanwhile, support is seen at 10860 levels and 10750 levels.
Currently, the DAX 30 traded lower by -0.42% at 10,918 levels, having previously posted record highs at 11013 levels on Friday. The DAX traded lower as traders remain nervous as Euro zone finance ministers resume talks in Brussels later in the day over Greece debt relief program.
The index is seen trading with a negative market breadth with an advance decline ratio of 11:19. Among major gainers, Commerzbank AG is the top gainer, up 2.08%, followed by LANXESS AG up nearly 1.25% on the day. On the losing end, Fresenius Medical and Siemens AG are down -1.25% to -1.40%.
DAX Technical Levels
The index has an immediate resistance at 11k. Meanwhile, support is seen at 10860 levels and 10750 levels.