Dow and Hang Seng struggle but DAX pushes higher
The Dow and Hang Seng have both seen volatile trading, while the DAX is making another attempt to move higher.
Dow hovers near Friday lows
The Dow Jones index attempted to rally yesterday but was beaten back from the highs of the day. So far it continues to hold just above the lows of last week.
A close back above 43,700 might help to suggest a low has formed and might allow the price to push on towards 45,000. Further declines would head towards the rising 200-day simple moving average near 42,500.
DAX higher after volatile Monday
While the DAX 40 index did rally early yesterday, it was unable to hold its gains.
However, a new attempt to push higher has begun today, and a close back above 22,500 would then clear the price for a push back to the record highs of last week just below 23,000.
Last week saw selling pressure run out of momentum at 22,100, so a close below this is needed to indicate a new leg lower has begun.
Hang Seng stumbles on US investment curbs
The Hang Seng surge of the past month was brought to a halt overnight as the US imposed more investment curbs on China.
After reaching its highest level since early October on Monday, the index has dropped back. However, more losses towards 22,000 will be needed to suggest that a more extensive pullback is at hand.
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