• Coronavirus cases are on the rise in Europe
• Deutsche Telekom (DTE.DE) stock is testing local resistance level
DAX (DE30) has been trading in a local sideways move recently. The price bounced off the lower limit of consolidation range (12 800 pts) at the end of last week. Should upbeat moods prevail, higher limit of the consolidation zone (13100 pts) may come into play. Source: xStation5
DAX members at 10:28 am GMT. Source: BloombergMajority of the Lufthansa (LHA.DE) cabin crew chose to endorse a deal to stop pay rises and reduce working hours, the UFO trade union informed on Saturday as the German airline is trying to reduce losses caused by the coronavirus pandemic.
Deutsche Telekom (DTE.DE) announced on Thursday it was diversifying its suppliers of equipment to build its 5G networks as concerns remain over whether to bar China's Huawei Technologies from the German market.
Deutsche Telekom (DTE.DE)- stock has been trading in a local sideways move recently. Last week price again bounced of the local resistance at €15.56. Today, one can see that the downward move is being continued. If the current sentiment prevails,  support at  €14.33 may be at risk. However if buyers manage to take control on the market, then upward move into €16.28 is possible. Source: xStation5US100: Wall Street's stronghold of growth❓
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