DAX futures lower this morning after surge to another record close yesterday

The DAX really charged higher again yesterday afternoon, further fuelled by the comments from Trump on the war in Ukraine and his conversations with the Russian and Ukrainian Presidents. So, the DAX rose to set a new all time record high, at 22,624. It did not close much below that level either, setting another record close, at 22,612. That 2.09% rise made it by some margin the best performing European stock market yesterday. The CAC 40 came next, with 1.52% gain and the FTSE 100 was a miserable third, with no gain at all. The index closed 0.49% lower, but more on those two a little later. The DAX futures have understandably succumbed to profit-taking since the close yesterday and right now a lower opening is price in for this morning. However, it would be crazy to suggest this might not soon be reversed once live trading gets underway. Look, whilst there is consternation about the meteoric rise in this index, there is simply no denying how dynamic the move has been. As to where it will stop is hard to say. Readers might remember comments here in weeks past, regarding the technical potential for a move to 26k? Well, as you can see, the DAX took another step closer in that direction yesterday. The index is currently priced to open around 22,530