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DAX lifts further on the opening

Following on from an earlier update here, noting the expected higher opening for the DAX this morning, the index has extended that and lifted close to 16,870 in very early trade. It has backed off a bit now, but it was clearly a very positive start to the New Year for the DAX. The FTSE 100 and the CAC 40 opened higher too, so the immediate gains are not exclusive to the DAX by any means. The US equity futures are still very much in the green right now too and so the scene is pretty positive in early trading. It remains to be seen if this will carry on though, but right now the European equity markets and the DAX have certainly marched into 2024 on the front foot. The DAX is currently trading at 16,843

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