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DAX edges back as German inflation hotter than expected
The DAX officially reopened today at 18,162 after closing on Friday at 18,161. However, that was just a book entry as the German benchmark now seems to replicate more closely that which we always see on the FTSE 100- there will be more to add on that dynamic at a later date. Irrespective of that though the effective reopening this morning was above 18,200 and index reached a high earlier at 18,235. It has fallen back now though and that comes after a whole batch of regional German CPI reports a short while ago. Those were slightly mixed, but for the most part higher than previously reported and it has pushed the DAX down since. The main German CPI report will be released at 12pm GMT and that could be the one that matters most, given the rather mixed regional data seen a short while ago. The DAX is right now trading at 18,195
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