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DAX futures in the red this morning

Yesterday, as reported on here after the European close, it was not a positive end to the day for the DAX or the CAC. Only the FTSE 100 managed a very anaemic higher close. The DAX actually closed a little lower than reported here at the time, owing to the final tallying that often takes place around that closing time. The DAX ended the day at 15,135, with a loss of 53 points on the session. The inability of the US markets to later make much headway has not helped the DAX futures this morning and neither has the sea of red in Asia. That noted German IP data has just been released and it was not good. German industrial production fell by 1.4% in September and by 3.7% on an annualised basis. The EUR/USD has reacted to this by dipping below the 1.07 handle. At the same time the DAX futures are lower and right now pricing a reopening at below 15,100. However, they were lower ahead of this data. The rebound in the dollar is not helping the opening outlook either 
 

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