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26 Feb 2015
DAX at record highs on cheerful German data
FXStreet (Mumbai) - Germany’s benchmark index, the DAX traded close to all time-highs during the mid-European session, as traders continue to cheer solid German employment data.
Currently, the DAX 30 trades higher by 0.13% at 11223.30 levels, having previously posted record highs at 11,237.50 levels. The DAX hovers near the highest levels since the 2008 crisis, following the nation's labour market report that topped estimates. However, the gains in the DAX were limited as investors remained uncertain on the strength of the recent upside.
The index is seen trading with a negative market breadth with an advance decline ratio of 21:8. Among major gainers, Fresenius Medical is the top gainer, up 2.57%, followed by Fresenius SE up nearly 1%. While, Deutsche Lufthansa is the top loser, down -0.33%, followed by Heidelberg Cement AG which is losing -0.29%.
DAX Technical Levels
The index has an immediate resistance at 11237.50. Meanwhile, support is seen at 11150 levels and 10900 levels.
Currently, the DAX 30 trades higher by 0.13% at 11223.30 levels, having previously posted record highs at 11,237.50 levels. The DAX hovers near the highest levels since the 2008 crisis, following the nation's labour market report that topped estimates. However, the gains in the DAX were limited as investors remained uncertain on the strength of the recent upside.
The index is seen trading with a negative market breadth with an advance decline ratio of 21:8. Among major gainers, Fresenius Medical is the top gainer, up 2.57%, followed by Fresenius SE up nearly 1%. While, Deutsche Lufthansa is the top loser, down -0.33%, followed by Heidelberg Cement AG which is losing -0.29%.
DAX Technical Levels
The index has an immediate resistance at 11237.50. Meanwhile, support is seen at 11150 levels and 10900 levels.