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DAX rebound comes unstuck as it flips with FTSE 100
Earlier this morning the DAX was in the green and the FTSE 100 was in the red. Well, in more recent trading that relative position has been completely turned around and the FTSE 100 has bounced off its lows, whilst the DAX heads off in the opposite direction. So, right now the DAX is some way below its earlier session high, at 18,490 and trading to session lows, approaching 18,350. Once again this looks like rotation as there is a dearth of fresh news catalysts lurking around right now. The move lower in the DAX also comes against the grain of what is still a positive US opening priced across the futures right now. That said, the overall direction for the DAX now today is only really reflecting the fundamentals its seems
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