What is the Eurostoxx 50 telling us? Of the 20/50 dma crossovers covered here, this one looks the most bullish. The 50 dma is slowly turning upwards which is a good sign and price is nicely above both ma's.
It's a measure of some of the biggest companies in the Eurozone.
The EURO STOXX 50 Index, Europe's leading Blue-chip index for the Eurozone,
provides a Blue-chip representation of supersector leaders in the Eurozone.
The index covers 50 stocks from 12 Eurozone countries: Austria, Belgium, Finland,
France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.
The EURO STOXX 50 Index is licensed to financial institutions to serve as
underlying for a wide range of investment products such as Exchange Traded
Funds (ETF), Futures and Options, and structured products worldwide.
http://www.stoxx.com/indices/index_information.html?symbol=SX5E
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| Eurostoxx 50 |
The German Dax 30 also looks bullish on the 20/50 dma.
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| Dax |
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