Welcome to Extreme Investor Network, where we bring you the latest updates and insights from the stock market, trading, and Wall Street. Today, we are focusing on tech stocks, retail stocks, German and Eurozone Services PMIs, the US economic calendar, and DAX technical indicators.
Tech stocks such as Infineon Technologies and SAP saw gains in yesterday’s session, with upgrades and positive economic calendar news contributing to the uptrend. On the other hand, retail stocks like Zalando SE and Adidas had a mixed session.
Investors are closely watching German and Eurozone Services PMIs, as they could influence bets on a June ECB rate cut. The services sector plays a crucial role in inflation in these regions, and any softer price trends could signal a rate cut.
In the US, jobless claims figures and Fed speeches are in focus, with expectations for the Friday US Jobs Report. A jump in jobless claims could impact the Fed’s rate cut decisions.
Looking at the DAX technical indicators, the index is currently above key EMAs but faces resistance at the 18,400 level. Services PMIs, US jobless claims, and FOMC member commentary will play a role in determining buyer demand for DAX-listed stocks.
Stay tuned to Extreme Investor Network for more updates on the stock market, trading strategies, and expert insights to help you navigate the financial markets with confidence.
