Some Deutsche Bank Clients Unable To Access Cash Due To "IT Outage"
German Stocks Are Hanging By A Thread
The key German DAX Index is bouncing between two important trendlines.
All global equity eyes were on the stock of Deutsche Bank (DB) this week as folks opined on the company’s fate – and the effect therein on associated parties. We are bypassing the company as our Chart Of The Day as it has been sufficiently covered elsewhere (plus, we’ve been touching on the issue for months already). However, we are focusing on one byproduct (or victim) of DB’s roller coaster ride. The German stock market has been ebbing and flowing with each and every DB rumor this week. Interestingly, the German DAX has been doing so within the confines of 2 important trendlines, 1 long-term (Up) and 1 short-term (down).