German index falls to levels not seen since end-May
DE30 fell sharply during afternoon trades on Friday, in line with its global peers, reaching its lowest level since the end of May. Today's hawkish comments from Fed James Bullard have heightened investors’ fears about a sooner-than-expected tightening of monetary policies. Also, recent economic data from Germany weighed on market sentiment. Producer inflation jumped in May to the highest level since 2008, when prices rose strongly before the financial crisis.
DE30 easily broke below several major support zones during today's session and tested the May 31 low at 15,410 pts. If the sale-off continues, it will be worth paying attention to 15,350 pts level - another daily low from the second half of May. Source: xStation5
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