The panic sell-off is also spilling over into European markets. At the opening of the cash session, most indices are down by about 3-4%. The EURO STOXX Volatility Index has gained as much as 45%, and futures on the German DAX index are down 3.30% to 17,200 points.
The VIX volatility index has reached 37% - the highest level since the start of the war in Ukraine and previously since the outbreak of the Covid-19 pandemic. At the time of publication, prices are slightly reducing initial gains but remain significant. Source: xStation 5
The sell-off in the stock market is substantial. There is no shortage of companies experiencing double-digit percentage declines. Today, we will receive quarterly reports from Uniper, Infineon, Monte dei Paschi, and Palantir Technologies.
DE40 (D1 interval)
Futures on the German DAX index are down 2.85% to 17,250 points. From a technical analysis perspective, the nearest support level is the 17,000-point zone. Over three trading days, the DAX has already recorded nearly an 8% decline.
Source: xStation 5
