Back
3 Mar 2015
DAX sits at record highs on higher oil prices
FXStreet (Mumbai) - Germany’s benchmark index, the DAX opened modestly higher and later climbed to fresh all time highs following gains on other European counterparts after upbeat German retail sales and UK construction PMI data boosted market sentiments.
Currently, the DAX 30 trades higher by 0.24% at 11438.80 levels, having previously posted record highs at 11466.80 levels. The DAX remains underpinned by above estimates EZ macro data, while higher oil prices continue to lift the energy stock higher.
The index is seen trading with a positive market breadth with an advance decline ratio of 19:11. Among major gainers, Fresenius SE & Co is the top gainer, up 0.89%, followed by Fresenius Medical up nearly 0.60%. While, Deutsche Boerse AG is the top loser on the index, down -0.96%. While, ThyssenKrupp AG is losing -0.89%.
DAX Technical Levels
The index has an immediate resistance at 11466.80. Meanwhile, support is seen at 11397 levels and 10301 levels.
Currently, the DAX 30 trades higher by 0.24% at 11438.80 levels, having previously posted record highs at 11466.80 levels. The DAX remains underpinned by above estimates EZ macro data, while higher oil prices continue to lift the energy stock higher.
The index is seen trading with a positive market breadth with an advance decline ratio of 19:11. Among major gainers, Fresenius SE & Co is the top gainer, up 0.89%, followed by Fresenius Medical up nearly 0.60%. While, Deutsche Boerse AG is the top loser on the index, down -0.96%. While, ThyssenKrupp AG is losing -0.89%.
DAX Technical Levels
The index has an immediate resistance at 11466.80. Meanwhile, support is seen at 11397 levels and 10301 levels.