GER30 (DAX) Latest News
GER30 ( DAX) The markets expect a rate hike in the US in December and if and when it happens, it will be a dampener on the stock markets around the world as the funds will get pulled out of stocks and move into the US and USD. But it is as yet unclear on when the rate hike will happen and with other risk events like Brexit and the Chinese economy floating around, we do not expect the bulls to make a big push in the DAX as yet. It is more likely to be a cagey kind of trading in this consolidation phase. We continue to advise our users to use any kind of approach towards 10700 as an opportunity to go short with a tight stop loss beyond 10700.