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Close but no new record yet for the DAX as it steps back again
Earlier this morning and following the release of the latest German IFO index, the DAX pushed above 19k again, having stalled earlier in the session at 19,005. The subsequent high was set at 19,029, which means it came very close to the current record high set last week, at 19,044. However, it is falling back again now. So, will 19,044 continue to define the record for the index this week? Well, in truth it really should, because of what is unfolding with the German economy right now. That said, it seems like the US stock markets are likely to set fresh records again today and that is helping the DAX to the current lofty levels, even if that is by total default. We shall how this plays out, when the US stock markets reopen this afternoon and whether they can lift the DAX onwards and upwards again. Meantime, the DAX is just now trading at 18,953
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