but, Rheinmetall AG The index rose 1.95% due to rising geopolitical tensions.
Eurozone industrial production and the ECB
Eurozone industrial production data will be of interest to investors on Monday. Economists expect industrial production to rise 1.1% in February after falling 3.2% in January.
The better-than-expected numbers could underpin hopes for an improving economic outlook. However, investors should keep an eye on news coming out of the Middle East. Threats of retaliation for Saturday's Israeli attack could impact buyer demand for riskier assets.
Furthermore, comments from the ECB need to be taken into account. ECB Chief Economist Philip Lane is scheduled to speak.
US Economic Calendar: Retail Sales and the Fed
On Monday, March U.S. retail sales could further influence the Fed's interest rate decisions. A better-than-expected number could end bets on the Fed cutting interest rates in June.
Economists expect retail sales to rise 0.3% in March after rising 0.6% in February.
Other statistics include numbers from the NAHB Housing Market Index and the New York Empire State Manufacturing Index. However, this statistic is likely to be second only to retail sales data.
You need to consider not only the numbers, but also the bottom line results. Goldman Sachs (GS) is scheduled to announce its financial results.
short term outlook
DAX's short-term trends may be influenced by updates on the situation in the Middle East, central bank topics, and financial results. However, rising geopolitical tensions are likely to cast a shadow on economic indicators and performance.
In futures, the DAX and Nasdaq Mini rose 13 and 51 points, respectively.
DAX technical indicators
daily chart
DAX is above the 50-day and 200-day EMA, confirming the bullish signal for price.
Once DAX returns to 18,000 handles, a move to 18,250 handles may be supported. A break above the 18,250 handle could take the bulls to the April 2 all-time high of 18,567.
The Middle East, central bank commentary, corporate earnings, and the US economic calendar should be considered.
However, below the 17,850 handle, the 50-day EMA will come into play.
The 14-day RSI of 46.57 indicates that the DAX is moving below the 17,615 support level before entering oversold territory.
