DAX punches above 21,700 on the opening

The European stock markets have just reopened and it has been a very positive start to the session. The FTSE 100 is eyeing that current 8,692 record and the DAX has lifted above 21,700. The exact high is a little beyond that level, and clearly the German factory orders data have helped the index push higher in opening trade. That means it is now some 700 points above the lows seen at the start of the week and also closer now to the current all time high it set the week before, at 21,800. So, if can reclaim that level, then perhaps the record run will extend well beyond. There is no certainty over that here though and perhaps we should remember; the reasons that sent it tumbling have not yet been removed. In fact, the markets are still holding their breath, waiting for the next Trump trade salvo. The DAX seems to be ignoring that risk right now though. The index is close to 21,715