Trading news

Rising bond yields spooking investors – DAX 30 Market Outlook – 23/02/2021

German stocks finished lower yesterday with the DAX30 hitting both our support levels at 13900 and 13800 despite the business climate index rising to 92.4 in February from 90.3 in January. However, gains in cyclicals helped offset earlier weakness, as rising bond yields and inflation are prompting investors to dump interest rate-sensitive stocks and turn to more value-driven stocks. Today, technical indicators signal more weakness ahead, as the blue-chip index remains below the 200-period SMA, and the RSI points lower suggesting the selling is not over yet.

Support: 13900 / 13860 / 13800
Resistance: 14000 / 14100

SquaredFinancial Daily Market Outlook

TRADE NOW

SquaredFinancial Review

Tuesday, 23 Feb, 2021 / 10:27

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.squaredfinancial.com/learn/daily-market-outlook/rising-bond-yields-spooking-investors-dax-30-market-outlook-23-02-2021

Trading news

 

Danone Rallies On Sale News

Selling Stake in Chinese Dairy Firm Shares in French food group Danone are [...]

Posted on Monday, 01 Mar, 2021 / 3:40 under

End of the line for the Treasury yields rally?

Markets cheered the new developments for both European and North American [...]

Posted on Monday, 01 Mar, 2021 / 1:26 under

Gold Looking Awfully Weak

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex   On February 26th, the [...]

Posted on Monday, 01 Mar, 2021 / 11:34 under