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16 Oct 2014
Dax falls, German ten-year bond yield hit record low
FXStreet (Mumbai) - The German equity markets extend their slide by another 180 points today, after the index failed to capitalize on a positive start.
The Dax is trading 2.07% lower at 8394 levels, down 3.09% from the day’s high of 8662. All 30-shares of the index are trading in the red. The Deustche Bank AG stock is down 5.16%, while the Siemens AG stock has lost 4.44%. Meanwhile, the ten-year German bond yield has hit a new low of 0.720%, falling below the previous record low of 0.724%.
The equity prices slumped after the official data in the Eurozone confirmed the annualized CPI in September at 0.3%, against 0.4% growth registered in the previous month. Moreover, the Eurozone CPI figure sparked deflation fears which have pushed the stock prices lower across the Eurozone.
Dax Technical levels
The Dax has an immediate support of 8348, below which the index can fall to 8151 levels.
The Dax is trading 2.07% lower at 8394 levels, down 3.09% from the day’s high of 8662. All 30-shares of the index are trading in the red. The Deustche Bank AG stock is down 5.16%, while the Siemens AG stock has lost 4.44%. Meanwhile, the ten-year German bond yield has hit a new low of 0.720%, falling below the previous record low of 0.724%.
The equity prices slumped after the official data in the Eurozone confirmed the annualized CPI in September at 0.3%, against 0.4% growth registered in the previous month. Moreover, the Eurozone CPI figure sparked deflation fears which have pushed the stock prices lower across the Eurozone.
Dax Technical levels
The Dax has an immediate support of 8348, below which the index can fall to 8151 levels.