Can European stocks rebound some more? Check out the DAX futures this morning

The European stock markets were certainly helped off their lows yesterday by the news that Trump had offered a 30 day reprieve to Mexico. Earlier in the day the DAX had slumped to 21,252, after kicking off the new month sharply lower, at 21,301. The DAX had closed on Friday at 21,732. The rebound that followed later in the day saw it reach 21,462. However, it could not get near to the close the day before, when it later ended the session, 303 points lower, at 21,428. The reason for that is clear- the threat of Trump tariffs on Germany and Europe is very much still on the table and that is likely to keep the DAX on its toes, when live trading resumes shortly. There is little indication yet; that Trump is about to offer the same olive branch to the EU, that he handed to Canada and Mexico yesterday. That said, the DAX futures are a little higher this morning. The current indication on that is for an opening at around 21,460. At the same time, we should understand that can change in a heartbeat, such are the headline driven dynamics of this market at the moment