{"id":144559,"date":"2019-03-28T10:45:36","date_gmt":"2019-03-28T14:45:36","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=144559"},"modified":"2019-03-28T06:35:50","modified_gmt":"2019-03-28T10:35:50","slug":"de30-analysis-negative-data-bearish-for-de30-germany-stock-market","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/de30-analysis-negative-data-bearish-for-de30-germany-stock-market\/","title":{"rendered":"DE30 Analysis: Negative data bearish for DE30 Germany Stock Market"},"content":{"rendered":"
March 28, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Negative data bearish for DE30<\/strong><\/p>\n

German manufacturing sector contraction accelerated in March. Will the DE30<\/a> continue declining?<\/p><\/blockquote>\n

Recent German economic data were negative: preliminary Markit Manufacturing PMI contracted from 47.6 in February to 44.7 in March, the worst level in six-and-a-half years. Analysts mention emission regulations and Brexit among negative factors weighing on German manufacturing prospects. Another major factor is concerns about slowing growth of China\u2019s economy. China\u2019s industrial profits dropped sharply in the first two months of the year – 14%, adding to data pointing to slowing of Chinese economy. Weak economic data are bearish for DE30.<\/p>\n

\"DE30<\/p>\n

On the daily timeframe the DE30: D1<\/b> is retracing after climbing to 5-month high in mid-October. It is testing the 50-day moving average MA(50).<\/p>\n