DAXEUR

The DAX index is focused on the ECB's expected interest rate cut decision on April 17. The expectation of the ECB lowering interest rates supports European stocks, while signs of a slowdown in the Chinese economy (GDP growth expected at 5.2%) pose risks for German exporters. The anticipated sharp decline in the Philadelphia Fed Index (from 12.5 to 3.1) may raise concerns about global economic activity. China's restrictions on rare earth element exports could affect the German automotive sector. Technically, the index is moving between the resistance area of 20,113 and the support area of 20,755. The tone of the ECB's press release will determine the short-term direction of the index.