Feb 16, 2016
DAX technicals lose upward strength
European equities turned lower, with the German DAX falling 71 points to close at 9,135.11 on Tuesday, weighed by fading risk appetite and poor ZEW survey figures. The first was due to a sharp reversal in the recent oil's gains after worldwide producers failed to agree on an output cut. As for the second, the German sentiment indicator showed that confidence continued to erode among local business during this February.
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