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DAX futures lower after disappointing monthly close below 18k

Yesterday the DAX slumped again and fell back below 18k into the monthly close. The index fell to a low at 17,920 and did not end the month much above that level. The close was set at 17,932. The fall of 1.03% on the session was the deepest amongst the major European indexes and it came close to setting a monthly close below its 50 day moving average (in place then at 17,905). The index itself will not be open today due to the May Day holidays here in Europe. That sees all the major European centres closed today, with the notable exception of London. However, the DAX futures are trading this morning and they have fallen since the close yesterday afternoon. At one point they were pricing the reopening for tomorrow at below 17,850. They are currently pricing it at around 17,890 
 

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