DAXEUR

The DAX index is showing a weak outlook, remaining below the 23858 pivot level, and is focused on today's Eurozone CPI and Germany's Manufacturing PMI data to determine its direction. An inflation figure that exceeds expectations in the Eurozone could increase concerns that the ECB will keep interest rates high for a longer period, putting pressure on the index. Additionally, a weak PMI figure could exacerbate recession fears, deepening sell-offs down to the 23489 support level. On the other hand, low inflation and strong PMI data could provide positive signals for the economy, strengthening purchases and potentially bringing the index back up to the 23872 resistance level.