What’s next? – DAX 22.06.17

DAX

The DAX index futures was down 0.14 percent to trade at 12,746 points as of 07:15 GMT, extending previous session losses as global sentiment remained under pressure.

At the closing bell in Frankfurt, the German index was down by 0.32 percent or 40.53 points at 12,774.26. From an hourly perspective, the index was giving neutral signals in technical terms, but remained strong buy when looking at the 5-hour chart.

Media, Financial Services and Food & Beverages contributed the most losses, with Deutsche Boerse AG down by 1.78 percent at 95.910, Vonovia SE falling 1.29 percent to 35.50 and Fresenius Medical Care easing 1.05 percent to end at 87.290.

Looking at the best performs, Thyssenkrupp AG O.N. added 2.11 percent to close at 24.195. Merck KGaA increased 0.60 percent to 109.00 and SAP SE edged up 0.37 percent to 95.200.

The DAX volatility index, which gauges implied volatility of DAX options, fell 1.77 percent to 12.98. The index remained on well-known levels due to the lack of relevant reports and drivers.

European markets were also under pressure in the light of continuing lower oil prices, which notched down despite upbeat inventory data released in the US session.

No publications are scheduled in Germany. Traders will keep an eye on the release of ECB’s Economic Bulletin as of 08:00 GMT, as well as remarks from FOMC Powells at 14:00 GMT