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DAX extends opening gains to above 21,250 as Lagarde speaks
The DAX has pushed onto set new all time highs this morning and that has delivered gains above 21,200 right now. Meantime, the ECB boss, Christine Lagarde is currently talking to CNBC from Davos and there is little in that conversation to detract from the outlook for more ECB rate cuts. That in turn is helping to lift the DAX to levels not seen before. So, no matter what one might think about that, it is what it is and looks set to continue for the time being. Eventually this index will top out for good and that is for good too, but not yet it seems. Further ECB comments just now from Stournaras have also highlighted more rate cuts to come and that has pushed the DAX to even further heights right now, as it approaches 21,275
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