- The european bourse is trading at the low today, with the Euro Stoxx 50 going back a -1.59%.
- surveys German IFO failed to halt the fall of the DAX 30 – In these moments is listed in 10.452.
- IBEX 35 is coupled to the falling globally, but search keeps 8.715.
During the session of trading today, the european bourse is trading at the low with falls in the main indices: Euro Stoxx 50 (-1.59%), FTSE 100 (-1.13%), DAX 30 (-1.62%), CAC 40 (-1.66%) and IBEX 35 (-1.17%).
The main reasons for the fall in the bag european have a relationship with the retreat into the actions of Apple, which pushed the Nikkei down after that suppliers sell to in mass with the increase of concerns about the weakness of Iphone sales in the foreign. On the other hand, had declines in the shares of Deutsche Bank from a 6% after a German magazine published that Angela Merkel wants to rescue the bank.
on the other hand, today unveiled survey German IFO surveys that were about what was expected by the market. However, despite having had positive data, the data was not enough to push the indexes higher.
During this week we have an economic calendar of high impact that could increase the volatility in the stock market, where we highlight the day of today (10:00 NY) with the statements of Mario Draghi, president of the European Central Bank, in front of the Parliament.
Index Highlights:
DAX 30 (Ticker: GER30) found a strong bearish pressure, which has led the index to fall more than 180 pips, reaching levels close to the 10.418 (23.6% Fibonacci). In the scenario of continuing with the falls, the index could break the current support to go seek the next level of support in 10.308 (23.6% Fibonacci). In the scenario, see recovery after these falls, the price might look close near the current resistance 10,500 (monthly pivot).
DAX 30 (GER30) – D1 //
on the other hand, the Ibex 35 (Ticker: ESP35) has continued the fall that began the day Friday making back, in these two sessions of trading, more than 290 pips. At the moment, the index is subject to a support in 8.715 (23.6% Fibonacci). In the scenario of continuing with the recovery, the index might look close by on the support 1 a day in 8.769. In the scenario of seeing a continuity of movements bearish, the Ftse could find again that the minimum of today in 8.627 and move towards the 8.596 (61.8% Fibonacci).
Ibex 35 (ESP35) – D1 //
Remember to check the economic calendar to find out about the next fundamental: economic Calendar.
Written by Gabriela Araya, Analyst www.Diariofx.com
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