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1 Apr 2015
DAX rebounds sharply above 12k, upbeat EZ PMIs support
FXStreet (Mumbai) - Germany’s benchmark index, the DAX opened slightly lower below 12k mark and climbed higher following an upbeat factory PMI for March, offsetting worries over Greece.
Currently, the DAX 30 trades higher by 1.06% near fresh session highs at 12091.80 levels. The DAX rallied to fresh highs lifted by March factory PMI reports, as traders ignored news that Greece's lenders rejected the list of reforms presented by the Greek government.
The index is seen trading with a positive market breadth, the advance-decline ratio being 28:2. ThyssenKrupp AG is the top gainer, up 2.96%, followed by Bayer AG which is up 2.43%. Beiersdorf AG lags the index by -0.91%, followed by Volkswagen AG which is down -0.37%.
DAX Technical Levels
The index has an immediate resistance at 12190. Meanwhile, support is seen at 11900 levels and 11760 levels.
Currently, the DAX 30 trades higher by 1.06% near fresh session highs at 12091.80 levels. The DAX rallied to fresh highs lifted by March factory PMI reports, as traders ignored news that Greece's lenders rejected the list of reforms presented by the Greek government.
The index is seen trading with a positive market breadth, the advance-decline ratio being 28:2. ThyssenKrupp AG is the top gainer, up 2.96%, followed by Bayer AG which is up 2.43%. Beiersdorf AG lags the index by -0.91%, followed by Volkswagen AG which is down -0.37%.
DAX Technical Levels
The index has an immediate resistance at 12190. Meanwhile, support is seen at 11900 levels and 11760 levels.