Snapshot of the DAX Activity of yesterday (Monday)

The DAX index lost 0.38 percent on Monday. After falling 0.16 percent on last Friday. The German stock index closed at 17,746 points

Monday Stock Moves for the DAX.

Technology shares remained the ones worst-performing at the outset of the week’s trading. Infineon Technologies with SAP closed the day lower 1.65 percent and 1.93 percent correspondingly. The MTU Aero dipped 1.14 percent, while the stock of Siemens declined 0.71 percent.

Nevertheless, the stock of Continental led the declines – falling 4.53 percent as markets responded to China’s vehicle sales figures. Mercedes-Benz as well as the BMW Motors both noticed deficits of 0.24 percent and 0.21 percent, accordingly. The Porsche and Volkswagen carmaker defied the norm, rising 0.67 percent and 0.62 percent, accordingly

Germany’s The rate of inflation and Eurozone bank in Spotlight

Today (Tuesday), German’s revised inflation figures will draw market interest. Based on initial statistics, the yearly rate of inflation decreased from 2.9 percent to 2.5 percent in Feb. Higher adjustments might put interest from buyers for DAX- listing companies to be evaluated prior to the United States CPI data.

Aside from the data, the European Central Bank’s remark should be considered. Bank Governing executives Luis de Guindos & Buch are due to give addresses. Opinions on prices and the schedule for a possible bank rate decrease might impact the market.

American Economic Timetable: CPI Release

Today, markets will focus on the latest US CPI Data. Following the increase in NFP. The inflation in the US numbers might put betting on a Federal Reserve rate decrease in the first half of 2024 to the question.

Analysts expect America’s yearly rate of inflation to stay at 3.1 percent in Feb. They nevertheless estimate the primary price rate to fall from 3.9 percent to 3.7% of the total

DAX Near-Term Outlook

The DAX’s short-term movement would probably be determined by Germany’s inflation statistics. With America’s CPI data. Higher-than-expected inflation numbers may have an influence on expectations for Eurozone bank.  As well as US Fed rate reduction in the 1st-half of 2024. Dropping expectations on the first half of 2024 the European Central Bank & US Fed reductions in rates could put 17,500 mark within reach.

On Tuesday afternoon the DAX contracts and Nasdaq 1oo – mini futures gained 90 as well as 83 scores, correspondingly.

DAX Technical Analysis & Outlook

The DAX index has maintained well above the 50- & 200 D- EMAs, confirming positive price signs.

Another DAX rally to last Thursday afternoon historic high of 17,879 could provide the market’s bulls a shot towards the 18,000 mark.

Inflation figures for Feb in Germany and the United States should be considered.

A dip beneath the 17,700 mark might enable the bearish to make an attempt to the 17,500 target.

The 14-day time frame RSI stands at 71.29, showing that the DAX is overvalued. Pressure to sell could grow at prior Thursday’s the all – time top around 17,879 zone.

5- Hourly Technical Indicators & Signals