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DAX falls further below 25,500 as Brent rises above $104.75
Since the ECB policy announcement the oil price has risen even more and that has now seen Brent rise above $104.50. The impact of that across the US and European stock markets and stock market futures has unsurprisingly been negative and the DAX has now extended on the downside below the low seen yesterday (25,512) and below the 25,500 marker itself.
The DAX just got hit as low as 25,460 a moment ago, but we are not surprised by this reaction as we have been warning you about it for days now. The DAX is right now at 25,465
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