Morning Insights 30th June

Simon Alagbe

Analyst

Instrument: DAX (DE30) 

The index opened lower this morning as fears over rising inflation and the emergence of a new variant of the novel coronavirus hit sensitive sectors of the economy. This development has dampened the mood of investors and would weigh on sentiment in today's session. 


Technicals: 

I expect the index to trade lower in the early session and I encourage traders to wait for a retracement back to the upside around strong support levels for trades


Fundamentals 

CPI Flash Estimate y/y (EUR) 10 am

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