DAX heading for a higher opening this morning

On Friday the DAX set a high on the day at 19,516. It later handed back some of its intraday gains, but still managed to end the week with a 20 point higher close on the day. Overnight the gains across Asia and most notably in the Nikkei 225 has helped to swell the opening outlook this morning. The fact that the situation in the Middle East has not deteriorated as much as it could have, is also providing a degree of support. The reader is again reminded of the current 2024 and all time record high, still in place at 19,674. So, the DAX is priced to open above the highs seen on Friday and has been close to the 19,600 handle earlier today. Unless something dramatic happens in the next 25 minutes, the index will open higher this morning, currently indicated at around 19,550