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DAX 20k on the radar today- futures in the red this morning

It will not be long now before the European stock markets reopen and that opening outlook is not positive right now, as you might expect following the broad-based US losses on Friday and the falls in Asia today. On Friday the DAX rejected a break above 20,400. The index topped out at exactly that level and fell back sharply after the US jobs report. The DAX later closed the week at 20,214, with a loss of 102 points on the day. The index hit a low on Friday at 20,187 and right now the DAX futures are pricing a reopening underneath that low. It would seem that a break back underneath 20k is certainly on the radar today. The index is right now priced to reopen around 20,150
 

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