DAX pushes to new records in early trading

Earlier this morning an update here noted the prospect of the DAX perhaps forging onwards and upwards and rising to 21k for the first time ever. The gravity-defying price action of this index is something that has been mentioned here many times of the past 12 months and right now we are seeing more of the same in opening trade today. The DAX just now lifted above the record it set on Friday, at 20,924. Granted, it has not extended the move by more than just a few points, but the opening appetite was clear to see. The fact that the noted 20,900 level does not seem to be a barrier right now is also something to note too. As to whether the index can reach 21k at some point today is not certain and we shall have to see, if this record momentum starts to wane, or not. The DAX is right now at 20,910