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German index breaks above 16 000 pts for the first time in 15 months

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🚀 German index breaks above 16 000 pts for the first time in 15 months

New week on the global financial markets began in upbeat moods with indices from Asia-Pacific, especially China, trading higher today. European futures also traded higher throughout the Asian session but have caught an additional bid after opening of the European cash session. German DAX (DE30) is trading 0.5% higher and trades above the 16,000 pts mark for the first time in 15-months! The next resistance zone in-line is marked with all-time highs in the area ranging below 16,300 pts mark – less than 2% above current market price.

DE30  reaches 15-month high above 16,000 pts. Source: xStation5

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