DAX edging lower as German unemployment data looms at 8.55am GMT

At 8.55am GMT Germany will release its latest monthly jobs report. That is covering November and it is expected to show that unemployment claims rose by 20k. At the same time, the underlying rate of unemployment is forecast to remain at 6.1%. Anything that deviates markedly from those numbers will cause a reaction in the EUR/USD (which has edged off earlier highs now) and also in the DAX. An update here will follow on the Euro once that data is known, but only if there are any surprises. Meantime, the DAX is now edging lower, but in truth the moves are pretty stunted by recent standards. The thing to note right now though; the Index is not making any real headway in the first 40 minutes of live trading. It currently trading at 19,395