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DAX continues to lose ground
Since earlier updates this morning the DAX has continued to lose ground. The index has now fallen back below 24,700 since we last ran an update. It is on the rebound as we write, but still very much in the red on the session. The low seen earlier was set around 24,690.
The move lower in the DAX comes as oil prices push higher this morning, following yet more headlines out of Iran concerning their instruction to Houthis, to close the Straits of Bab El Mandeb.
That news has sent Brent crude back above $85 and close to $85.50 a short while ago. The move higher in Brent tied in with the further slide in the DAX. The index is currently trading at 24,765
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