4:12 PM · 18 May 2020

DAX above 11 000 pts !

German DAX index (DE30) break above key 11 000 pts level after France and Germany called o for the creation of a 500 billion euro ($ 543 billion) Recovery Fund able to offer financial support to the countries and regions worst affected by the pandemic.

In a joint statement, French and German officials also said they were proposing to authorize the European Commission to borrow money on financial markets in the European Union's name, while at the same time respecting EU treaties – according to Reuters.

DAX index (DE30) is trading above 11 000 pts. The next resistance can be found at 11332.7 pts

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