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DAX set for a higher opening in a minute

Yesterday the DAX closed lower. The index handed back 53 points to close the session at 19,432. There was clear and noted rotation out of the German benchmark in the direction of the FTSE 100, which was the standout outperforming index on the day. However, the DAX futures are higher right now this morning leading into the opening in a couple pod minutes from now. The prospect of an ECB rate cut today is probably supportive, but it probably depends on just how aggressive that cut is which might determine the closing level for the DAX this afternoon. The DAX is just now priced to reopen at around 19,495
 

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