DAXEUR

Germany's leading index DAX is trading around the pivot level of 23621.57. Mixed signals from the German economy, particularly the contraction in the manufacturing sector and weak export performance, are putting pressure on the index. However, expectations of interest rate cuts from the ECB and positive financial results from some companies are providing support to the index. Technically, resistance levels to watch in upward movements are 23904.53, 24012.47, and 24207.92. In downward movements, the critical support levels are 23513.63, 23230.67, and 23035.22. Germany's growth data, ECB monetary policy, and EU-US trade relations will continue to have an impact on index performance.