DAX opens higher but will it last?

Yesterday the DAX was the best performing major European index. The DAX closed 0.48%, compared to a 0.35% rise for the CAC 40 and 0.30% for the FTSE 100. The DAX put on 85 points, when closing at 17,812. The index brushed aside the weaker ZEW report and of course managed to gain, thanks largely to the moves seen stateside. Well, the index has reopened higher today and that comes from the same US based drivers, after the European close yesterday and helped by a higher opening for the FTSE 100 this morning. However, despite rising close to the 17,900 handle on the opening, the index is yet to vault that level. That is not to rule such a move out though, as seems risk is pretty positive right now, but it does remain to be seen. The DAX is currently trading at 17,865