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DAX declines 0.30%

FXStreet (Mumbai) - The German equity markets trade lower as sentiment soured after Japan fell into a recession. Markets also eyed comments by European Central Bank President Mario Draghi later in the day.

The German blue chip index Dax traded 0.35% lower at 9218.80 at the time of writing. The index breadth is negative with an advance decline ratio of 8:22. Among stocks, Merck gained 2.74%, followed by the 1 % gain in Thyssenkrupp AG. Meanwhile, on the minus side are stocks like Continental AG, E.ON SE, RWE AG ST, Fresenius SE.

Dax Technical Levels

The index has a strong resistance at 9266, above which the gains may be extended to 9310 levels. On the flip side, support is seen at 9172 and 9156 levels.

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