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DAX edges lower on the opening

As already covered here, the DAX was the least impressive of the 3 major European indexes yesterday. The DAX closed 63 points higher, at 18,131. The index has just now reopened for live trade and it has been a modestly higher opening. However, almost immediately the index has dropped back. It is hard to gauge how the price action might play out today, owing to the US closures later on. Overall it looks like trading is going to be pretty muted for that reason today, but that is not a given, owing the potential for fresh news to impact what could be a thinly populated level of  participation and interest today. The DAX is just now trading at 18,110

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