{"id":15944,"date":"2024-12-03T05:56:50","date_gmt":"2024-12-03T05:56:50","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=15944"},"modified":"2024-12-03T05:56:50","modified_gmt":"2024-12-03T05:56:50","slug":"ger40-pushes-higher-despite-eurozone-jitters","status":"publish","type":"post","link":"https:\/\/www.global-vtrader.com\/en\/analysis\/ger40-pushes-higher-despite-eurozone-jitters\/","title":{"rendered":"GER40 Pushes Higher Despite Eurozone Jitters"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em>Listen to the article here:<\/em><\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2024\/12\/15944.mp3\"><\/audio><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Key points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>GER40 gained 1.45%, closing near 19,946.15, with a session high of 19,966.15, just shy of the psychological 20,000 resistance.<\/li>\n\n\n\n<li>Traders are weighing eurozone political instability and central bank policy shifts ahead of U.S. employment data.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">The German DAX (GER40) index extended its upward trajectory on Tuesday, closing at 19,946.15, reflecting a 1.45% gain.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The index&#8217;s bullish momentum aligns with a broader risk-on sentiment in global equities, driven by improving U.S. economic data and easing concerns around eurozone economic resilience.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With that in mind, consolidation below the psychological 20,000 mark hints at caution ahead of upcoming macroeconomic data releases.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A broader rally in equities appears supported by stronger-than-expected U.S. manufacturing data, which eased concerns of an imminent slowdown in global demand.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The ISM manufacturing index rises to its highest reading since June at 48.4: <a href=\"https:\/\/t.co\/IlqxQPfnNB\">pic.twitter.com\/IlqxQPfnNB<\/a><\/p>&mdash; Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/1863611799502803029?ref_src=twsrc%5Etfw\">December 2, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">This sentiment has trickled into European markets, though market participants remain cautious in light of ongoing political uncertainty in France. GER40\u2019s performance suggests that traders are managing these risks with opportunities stemming from positive external drivers.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2024\/12\/WhatsApp-Image-2024-12-03-at-12.08.04-1024x446.jpeg\" alt=\"\" class=\"wp-image-15946\" style=\"width:1450px;height:auto\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><em>Picture: Picture: GER40 climbs towards 20,000 resistance, reflecting bullish market sentiment, as seen on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" title=\"\">VT Markets app<\/a>.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Looking at the chart, GER40&#8217;s bullish momentum remains intact. Short- and medium-term moving averages (5-period and 10-period) have crossed above longer-term averages, supporting the uptrend.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Immediate resistance is evident at 20,000, a level that, if broken, could push the index toward the next target around 20,150. Support lies at 19,900 and further at 19,850, areas that could come into play if traders opt to lock in profits amid uncertainty.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>See also: <a href=\"https:\/\/www.vtmarkets.com\/market_analysis\/week-ahead-fed-policy-faces-december-labour-test\/\">Week Ahead: Fed Policy Faces December Labour Test<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Looking ahead, traders are focused on Friday\u2019s U.S. non-farm payrolls data, which will shape expectations for the Federal Reserve&#8217;s next policy move.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">US stocks ended higher, while equity markets brushed off weak October nonfarm payrolls data, given disruptions from hurricanes and strikes <a href=\"https:\/\/t.co\/ZNcNrZFAfA\">https:\/\/t.co\/ZNcNrZFAfA<\/a> <a href=\"https:\/\/t.co\/vcR4UPmh05\">pic.twitter.com\/vcR4UPmh05<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1852563031483658243?ref_src=twsrc%5Etfw\">November 2, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Euro Mood Swings<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The euro&#8217;s weakness remains a wildcard. A softer euro has enhanced export competitiveness, but prolonged uncertainty could weigh on eurozone stability, potentially capping further upside for the DAX.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On a global scale, China\u2019s slowing economy and the yuan\u2019s depreciation to a one-year low could introduce new risks for European exporters with exposure to Chinese markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a>\u00a0and<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">\u00a0start trading<\/a>\u00a0now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GER40 rises 1.45%, nearing 20,000 resistance, driven by global optimism, with caution ahead of key U.S. data. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[31],"class_list":["post-15944","post","type-post","status-publish","format-standard","hentry","category-analysis","tag-indices"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/15944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/comments?post=15944"}],"version-history":[{"count":0,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/15944\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media?parent=15944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/categories?post=15944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/tags?post=15944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}