DAX breaks above April's highs

The German index is now gaining over 2%, and managed to break above the 30 April high at 11,332.3 pts as the German government is reportedly nearing a €9 billion bailout of Lufthansa.

 

Today risk-on moods are visible on the equities markets however major currencies aren't really showing much enthusiasm throughout the session so far.

DAX (DE30)  - buyers managed to push the price above key resistance level at 11 332.3 pts. Should upbeat moods prevail, resistance  at 11 429.5 pts may come into play. At this level the early March price gap is located. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.