DAX futures lower this morning following 20k rejection on Friday

On Friday the DAX pushed higher from a previous close at 19,848. That saw the index lift close to the 20k handle, but despite two clear attempts to regain that level it failed to do so and topped out ahead of the close on its high of the day, at 19,984. There is no doubt here the index owed much to the gains seen in the CAC 40 on Friday (that was the best performing major European index). So far this morning the DAX futures have been tracking lower, pushed back by losses in the Nikkei and a red vista across the US futures. The fact that those US markets had already all closed in the red later on Friday evening has also not helped the DAX opening outlook this morning either. That said, we know how quickly things can change when live DAX trading resumes, but clearly 20k is the line in the sand for the time being. The index is currently priced to reopen around 19,945