DAXEUR

The ECB's moderate stance and potential additional interest rate cuts are supporting German stocks. However, the Germany Manufacturing PMI data being below expectations has increased concerns about economic growth. The DAX index is currently trading at 22,145. ECB President Lagarde's comments regarding U.S. tariffs have been positively received by export-oriented German companies. Technically, a close above the 22,057 pivot level is crucial for movement towards the 22,386 resistance. In the case of a close below the 22,057 support, continued selling can be expected. From a technical standpoint, the current outlook is positive.