- The lower Bollinger Band® is currently at 4,149 while the higher band is at 4,313
The STOXX Europe 50 Index continues a 9 day surge, reaping a total of 1.89%. Consistent for now — the STOXX Europe 50 Index gained 0.81% and is now trading at 4,277.4.
The index has been trending positively for about a month. Over the past 7 days, the STOXX Europe 50 Index has retreated 1.26% from a noteworthy peak of 4,297.24.
EuroSTOXX's upper Bollinger Band® is at 4,313, this is a slight indication of a slowdown.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest the STOXX Europe 50 Index is set for a reversal in the coming days.
Fundamental indicators – Euro Zone Consumer Price Index released today at 10:00 UTC with a figure of 8.6%, while the previous figure was 9.2%.
Other markets are also showing gains as having closed the previous session at 2,417.68, KOSPI Composite Index is up 0.89% today to currently trade at around 2,439. Having closed the previous session at 3,991, S&P 500 is up 0.79% today to currently trade at around 4,022.62.
At the same time, after ending yesterday's session at 27,473, Nikkei lost 373.1 points and is trading around 27,100.
Upcoming fundamentals: Germany GDP figure is projected at -0.2. It previously stood at -0.2; data will be released tomorrow at 07:00 UTC.