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DAX rally runs out of steam for the time being
Since earlier this morning when the DAX did push higher in early trading, the index has since fallen back. Earlier the DAX reached 25,082. It has since stepped back to below 24,950. The reason for this is not clear and certainly there has not much in the way of fresh news to facilitate the relapse.
The slight rebound in the oil price this morning might have played a role but in real terms that has now even reclaimed levels above $80 and so not exactly a dampener on the DAX. The US futures are still on the front foot, so there is nothing from that direction either. The conclusion here; just another intraday trading swing at this stage. The DAX is right now at 24,965
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