DAX set for an electric rebound on the opening today but not as electric as earlier

All the European futures took off last night as the US markets surged and that saw massive gains across the likes of the CAC, FTSE and DAX futures. At one point since the European close, the DAX was priced to reopen above 21,550. Yesterday, as reported at the time, the index closed 3% lower, at 19,670. The reader is reminded of the low seen on Monday was set at 18,489. So, as you can see that is one heck of a rebound, but has to be placed in the context of the dramatic falls since last week. Well, anyway the DAX future is off its best levels leading into the opening and it will be interesting to see how is behaves when live trading resumes shortly. It is also important to note; the 25% tariff on Autos has not been removed by Trump and that is very important for the German economy. The DAX is right now priced to reopen around 21,130