Nature

Major European indices close higher on the day


The main clues

clues

Stock indices represent an index that measures a particular stock market or a segment of the stock market. These instruments are important for investors because they help compare current price levels with past prices to calculate market performance. The two main parameters of indices are that they are both investable and transparent. For example, investors can invest in a stock index by buying an index fund, which is structured like a mutual fund or an exchange-traded fund, and track an index. The difference between the performance of an index fund and that of the index, if any, is called tracking error. Most large countries have several indices. Commonly traded indices include the S&P 500, NASDAQ-100, Dow Jones Industrial Average (DIJA), EURO STOXX 50, Hang Seng Index and many more. Stock indices can be characterized or segmented by the set of stocks covered by the index. The overall coverage of an index is an underlying group of stocks, most often grouped together according to underlying investor demand. . Each is a popular way to trade specific markets and is almost always offered by most brokers. Investors can choose between several types of indices that traditionally belong to several categories. This includes country coverage, regional coverage, global coverage, exchange-based coverage, and industry coverage. All indices are ultimately weighted in different ways. The most common mechanisms include market cap weighting, free float-adjusted market cap weighting, volatility weighting, price weighting, etc.

Stock indices represent an index that measures a particular stock market or a segment of the stock market. These instruments are important for investors because they help compare current price levels with past prices to calculate market performance. The two main parameters of indices are that they are both investable and transparent. For example, investors can invest in a stock index by buying an index fund, which is structured like a mutual fund or an exchange-traded fund, and track an index. The difference between the performance of an index fund and that of the index, if any, is called tracking error. Most large countries have several indices. Commonly traded indices include the S&P 500, NASDAQ-100, Dow Jones Industrial Average (DIJA), EURO STOXX 50, Hang Seng Index and many more. Stock indices can be characterized or segmented by the set of stocks covered by the index. The overall coverage of an index is an underlying group of stocks, most often grouped together according to underlying investor demand. . Each is a popular way to trade specific markets and is almost always offered by most brokers. Investors can choose between several types of indices that traditionally belong to several categories. This includes country coverage, regional coverage, global coverage, exchange-based coverage, and industry coverage. All indices are ultimately weighted in different ways. The most common mechanisms include market cap weighting, free float-adjusted market cap weighting, volatility weighting, price weighting, etc.
Read this term in Europe closed with gains for the day, and also closed higher for the week despite all the anxiety related to the Russian-Ukrainian war.

A look at the main indices shows:

  • German DAX, +1.38%
  • CAC France, +0.85%
  • UK FTSE 100 +0.72%
  • Spanish ibex, +0.9%
  • Italian FTSE MIB +0.8%

For the trading week, the major indices all recovered and closed with gains. Recall:

  • German DAX, +4.1%
  • CAC France, +3.3%
  • UK FTSE 100 +2.3%
  • Spanish ibex, +5.4%
  • Italian FTSE MIB +2.7%

Looking at the German Dax hourly chart below, the week started with the pair trading at the lowest level since November 9, 2020. This low hit 12438.85.

However, the price started to rise and reached a weekly high today of 13943.97.

The past three hours have pushed the price back below its 100 hourly moving average at 13661.26, removing some of the bullish bias from the upside move. However, the price is not trading that far away from this moving average.

In this test, the 100-hour moving average will be a level of risk and bias defining the start of the new week. Move up and the bias tilts up a bit more. Move below and sellers have more control.

The German DAX closed near its 100 hourly moving average


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