End of rally? After three days of gains, the DAX is down 19.61 points today

Published: November 25 2022, 16:10 GMT+0

End of rally? After three days of gains, the DAX is down 19.61 points today

DAX is down to 14,520, after ending yesterday at 14,540. Overall, a 0.13% loss or 19.61 points today.

On the flip side, highly important GDP data from Germany beat analyst expectations of 0.3 with a reading of 0.4. Data for Germany Business Climate Index published yesterday at 09:00 UTC came out at 86.3, beating projections of 85 and showing improvement over the preceding figure of 84.5.

While price action maintains a negative bias, Germany GDP released today at 07:00 UTC is better than expected at 1.2% but down from preceding data of 1.7% according to new data.

In the meantime, negative performances are also seen in other markets, Hang Seng is down 87.32 points from the beginning of the session and now trades around 17,574.

Other assets are showing positive performances as having closed the previous session at 34,200, Dow Jones is up 0.52% today to currently trade at around 34,372. ASX 200 is up 0.24%.

Furthermore, Euro Zone ECB's De Guindos speech is scheduled today at 17:00 UTC. Euro Zone CFTC EUR speculative net positions is expected today at 19:30 UTC.

The index has been trending positively for about a month. The DAX is now trading 94,200% above the significant low (15.42) it slumped to 2 months ago.

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