Snapshot: The DAX is currently trading at 24177, up 1.92% on the session, driven by a reversal of earlier losses and broad-based strength in European equities. The ECB’s monetary policy decisions and press conference at 14:15 CET will be the key focus today.
- Watch for resistance around the intraday high of 24197.
- German GDP data at 10:00 CET could trigger volatility, especially if it deviates significantly from the 0.1% forecast.
Bias into NY: Bullish on DAX above 24000, supported by falling German yields (DE 2Y -10bp d/d) and a weaker dollar (DXY -0.39%), though the ECB press conference poses event risk. A hawkish tilt from Lagarde could curb gains.