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DAX has a look above 16,500 and takes one step closer to a new record
Following on from a series of updates this week and last, the DAX has taken one step close to a new record high this afternoon. The DAX has lifted above 16,500 and traded within a few points of setting a new all time record high above 16,528. The high seen so far has been set at 16,512. I said earlier that the DAX seemed determined to try and vault its way to a new record high before Santa arrives and nothing I have seen since has given reason to detract from that viewpoint. The index is currently trading at 16,506
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Dow Jones drops back after University of Michigan consumer sentiment index falls
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