Lethargic the DAX fails to breach tight 14,970 – 15,100 range

Published: January 25 2023, 22:56 GMT+0

Lethargic the DAX fails to breach tight 14,970 – 15,100 range

A quick look at today: DAX moves 0.08% to close at 15,082 today.

Uncertainty around the DAX is reflected by published market data as Germany Business Climate Index matched projections, with new data release of 90.2. Data from France concerning Jobseekers Total was released today at 11:00 UTC. Newly published figures emphasized continued decline from last month's figure of 2.81 million to 2.82 million this month. Germany Business Expectations improved upon its previous reading of 83.2 with a new data release of 86.4.

While the DAX was pretty flat today, mixed performances were seen elsewhere as KOSPI Composite Index increases 1.39% today and closed at 2,395.26. Hang Seng went up by 1.82% today, and closed at 22,045. ASX 200 is down to 7,468.3, losing 22.1 points, after ending the previous session around 7,490.4.

The index has been trending positively for about a month. The DAX is now trading 97,780% above the significant low (15.42) it slumped to 4 months ago.

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