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DAX extends rebound back above 15,550

Since my last update the DAX has recovered an earlier fall to as low as 15,471. The index has now risen back above its 200 day moving average, which is still at 15,549. Now it is one thing to open below this price point, but another to actually close below it and of course we shall have to wait until 3.30pm find out if that is the case. The index has just now lifted to around 15,575. The US equity futures are a little higher just now too, but more on those in a minute. The DAX is currently trading at 15,573

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