News: DAX 30 Market Update - Wiki-Forex

DAX 30 Market Update

2/18/2022 | 2:27 PM

Current trend

DAX 30 is correcting upwards trading at 15327.0 on positive component reports.

One of the world leaders in the production of alcoholic beverages, Heineken N.V., showed another strong quarter, which also contributed to a positive annual result. Net profit for the year was 3.32B euros, well above the 204M euro loss shown last year. Adjusted operating profit rose to 3.41B euros from 2.42B euros a year earlier. In addition, the board of directors of the company announced an increase in dividends, which will amount to 1.24 euros per share after 0.70 euros last year.

In turn, the quarterly income of Mtu Aero Engines Holding AG amounted to 1.18B euros, exceeding 1.01B euros a quarter earlier. Earnings per share rose to 2.28 euros from 1.58 euros in the previous quarter.

The growth leaders in the index are RWE AG (+4.66%), Continental AG (+3.29%), Delivery Hero AG (+3.16%), Beiersdorf AG (+2.36%).

Among the leaders of the decline are Infineon Technologies AG (-2.61%), Fresenius SE (-2.13%), Siemens AG Class N (-2.13%).

Support and resistance

On the global chart, the asset is trading within a wide sideways channel, trying to rebound from the support line. Technical indicators maintain a sell signal: the EMA fluctuation range on the Alligator indicator is still directed downwards, and the AO oscillator histogram continues to form new rising bars, being in the sell zone.

Support levels: 15170.0, 14800.0.

Resistance levels: 15510.0, 16260.0.