The Germany 30 is trading at 9940, the market initially dropped after the US growth figure, but traders slipped back into the old habit of treating bad news as good news. Analysts were already anticipating a contraction of 0.6% but in fact it dropped by 1%. The weaker-than-expected gross domestic product figures from the US would suggest the Federal Reserve won’t be in a rush to raise interest rates any time soon.
As Brenda Kelly stated, the Germany 30 is finding support at 9900, and the likelihood of it reaching 10,000 today is declining. Although, it is encouraging that we haven’t had a major retreat from the record high.