RECORD RISES PRESERVED IN DAX INDEX
While the week passed with a somewhat mixed course on the global indices side, the DAX index added a new one to its record rises with a closing above the 14.750 level. The suspension of the Astrazeneca vaccine by European Union countries created the potential for a slight retreat on the index side. However, the World Health Organization stated that the benefits of the vaccine are more than its harms and announced that it predicts the use of the vaccine. After this development, it is seen that the prices have reached the level of 14,775 with an increase of 1.73 percent in the index, which has relaxed.
The ZEW index, which increased above expectations on the German side throughout the week, was followed, while the Euro Area consumer price index showed a parallel appearance with the expectations with 0.2 percent on a monthly basis. The statement from ECB President Lagarde, stating that the inflation-based acceleration was not worried, was perceived positively by the markets. IfW, one of Germany's leading economic think tanks, raised Germany's growth expectation from 3.1 percent to 3.7 percent this year.
In the light of all this information, the DAX index, which is strong despite the pressure on the global indices, can be expected to continue to rise to the record 15.100 and 15.500 resistance levels, with the outlook above the 14.600 level. However, if the closings above the 14.775 level are not successful, we are following the support levels of 14.750 and 14.400 in the first place in the index.