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DAX set to kick off the new month on the front foot

The DAX clearly posted a positive monthly close yesterday afternoon. The index ended November with a gain of 48 points on the session, closing at 16,215. The index had risen to 16,262 earlier in the day. The surge in the Dow Jones last night has buoyed the opening outlook for this morning and right now the DAX future is discounting a start to the new month at above the highs seen yesterday. That has been above 16,300 at one stage earlier on, but right now it is around 16,290 and beyond that the current 2023 high, at 16,528 is probably the next objective for the index ahead of the year end. However, it remains to be seen if the index can rise above that and set a new high before the year is done and dusted

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