Can the DAX Make it 7 in-a-row?
The European majors were on the rise once more. Leading the way on the day was the EuroStoxx600, which rose by 0.85%. The DAX30 and CAC40 weren’t far behind, with gains of 0.71% and 0.75% respectively. For the DAX30, it was a 6th consecutive day in the green.
Volumes will be on the lighter side later on in the day, with the U.S markets closed in recognition of Independence Day. It’s a quiet day ahead. The Eurozone’s May retail sales figures are due out later this morning. While we would expect the numbers to have some influence, market sentiment towards the economic outlook will likely be a distraction.
Trading Central –Dax: sentiment is a buy to 12880 if Above 12058
Trading Central –EURAUD: sentiment is a buy to 1.6137 if Above 1.5997
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