European Market

German Chancellor announced yesterday the halt of the Nord Stream 2 pipeline, as a response to Russia’s escalation around Ukraine

The European plane maker announced solid financial results for full 2021, before markets opened today, but the stock is down

News of partial withdrawal of Russian troops from the border with Ukraine, have created optimism to the markets, helping GER30 to profits

During the week of February 7-11, we saw a big number of companies reporting their financial results, not only from the US, but form Europe as well. Disney and its DisneyPlus streaming service, was probably the main focal point

The German index is off to a good weekly start, as it extends Monday’s gains, partly helped by the Euro’s difficulties

Weekly Chart The DAX (GER30) is moving laterally in a sideways rectangle pattern. Support is around the 15,000 level, with resistance around the 16,000 level (green shaded horizontals). Last week's candle is a bullish Dragonfly Doji. I.e., bears lost control at the low, and the week ended with the bulls in control. However, we are looking for follow-through this week as confirmation, which is yet to be established. This week's…

January was a tumultuous month for global equities, during which the German index posted losses, but February starts in a good mood

German Gross Domestic Product contracted in Q4 on a quarterly basis, dragging the index lower today, in an difficult week for stock markets

European stock markets are under pressure, following the negative lead form their Asia-Pacific and US counterparts, as aggressive monetary tightening expectations and new oil disruptions keep investors on their toes

New car registrations declined in December in EU, according to today’s data from ACEA, pushing stocks of major European auto manufacturers lower at the open

The German index has been correcting lower over the last four days, but today it finds support, as sentiment shows improvement