DAXEUR

The German DAX index is significantly impacted by the German CPI data to be announced on May 14. Inflation is expected to rise from 0.3% to 0.4% on a monthly basis, and this data will be an important indicator for the ECB's upcoming interest rate decisions. The Philadelphia Fed Manufacturing Index and Retail Sales data from the U.S. on May 15 may affect global risk appetite. Powell's speech will also be crucial for European markets. Technically, as long as it stays above the 23643 pivot level, the resistance area at 23932.48 will be monitored, while the support area at 23362 will be followed if it falls below.