DAXEUR

Global risk appetite has significantly increased with yesterday's US data. Today, whether this optimistic atmosphere will continue will be clarified by the US PPI data. A data indicating that inflation is continuing to slow down will support the rally in global stock markets. In this case, the DAX index may surpass the resistance level of 24012.81 and target the levels of 24239.77 (Resistance 2) and 24399.09 (Resistance 3). On the other hand, if the data comes in stronger than expectations, it could reduce risk appetite, pressuring the index below the pivot level of 23921.12 towards the support level of 23694.16 (Support 1).