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Can the DAX have another look at 17k today?

As just noted in the previous update, the outlook for the European opening today is quite positive. That has seen all the major index futures press higher. Yesterday the DAX struggled to hold any gains at all after stalling a rebound to 16,972. The index later closed 14 points lower, at 16,904. However, the same combination of news that has lifted the FTSE 100 futures has had the same impact on the DAX futures this morning, with the added impetus of the much better than expected German factory orders data, released a little earlier. So, the DAX is set to open higher this morning, but it remains to be seen, if the DAX can launch another attempt on that 17k handle, as the market reopens. The DAX is currently priced to resume live trading at around 16,958

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