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DAX futures on the drift as German sales data looms at 7am GMT

There is a whole host of German data due out this morning. That starts at 7am GMT with the release of the latest retail sales data and continues with a whole bunch of regional CPI figures due out at 9am GMT. Then at 1pm GMT we get the full CPI picture for the country as a whole. Yesterday the DAX just failed to print a trade above 17k, despite the futures price rising above that price point on the opening. The DAX stalled at 16,999 and later closed at 16,972, with a rise of 30 points on the session. The fresh records in the Dow Jones last night were dulled by the drop back in the Nasdaq 100 and the Nasdaq 100 futures, before and after the close. So, the DAX is pretty flat right now this morning and awaiting all that German data. Today being the final trading day of the month might be a factor today too, with the potential for re-balancing and profit-taking holding back the DAX futures ahead of the opening. The index is currently priced to reopen slightly lower, right now at around 16,950 
 

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