European indices mostly higher, DAX awaits German CPI

FXStreet (Mumbai) – European stocks opened in the green tracking positive cues from Asian and US markets overnight while markets cheered upbeat growth figures from Spain. The focus now shifts towards German inflation and labor data releases.

Germany’s DAX 30 index trades 0.22% higher at 11,232 with all eyes on the crucial German CPI. UK FTSE 100 trades 0.20% higher at 6,644. Among the other indices, the French CAC 40 index gains 0.21% to 5,028, and the pan-European Euro Stoxx 50 was slightly higher at 3,577.

The DAX trades with a positive market breadth with the advance-decline ration being 15:14. Siemens AG is the top gainer, up 3.07%, followed by Fresenius SE +3%. On the other and, Fresenius Medical is losing -2.79% followed by Infineon Technologies, down -2.60%.

DAX Technical Levels

The index has an immediate resistance at 11506. Meanwhile, support is seen at 11123 levels and 11k levels.

European stocks opened in the green tracking positive cues from Asian and US markets overnight while markets cheered upbeat growth figures from Spain. The focus now shifts towards German inflation and labor data releases.

(Market News Provided by FXstreet)