The German stock DAX 30 index is back on a growth path after an agreement was reached on the implementation of the third program of financial aid to Greece. The country will receive another 80 billion euros in exchange for tighter budgetary and fiscal policy. The data on the index of business optimism in Germany by Center for Economic Research ZEW, published today in the 9.00 GMT, were slightly worse than expected, but they included the uncertainty regarding Greece, which currently has almost leveled.
DAX 30 Index feels resistance in the 11500, but it is listed on the 8% below annual highs and has a good supply for the upstroke. After rapid growth in the previous days correction is possible, but it will open up opportunities to find long positions.
|Dax index chart|