DAX Index Closes Lower Amid German Labor Market Focus
Closes 0.96% Lower
Frankfurt’s DAX dropped 0.9% to close at 22,460 on Friday, marking its third straight session of declines and underperforming its European peers.
Local equities were in the red on Friday after latest data showed continued weakness in the German labor market, weighing on the already-cautious market sentiment due to US tariff concerns.
Technically, DAX went below channel trend line that indicates more losses on a horizon
Close below 22.400 would be very bearish sign and opens a way for 21.700
Resistances above the head: 22.600, 22.750 & 23.0150
