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DAX set for a lower opening this morning

The European stock markets all closed in the red on Friday. The losses across the major index were spread pretty evenly too. The DAX closed 0.51% lower and the FTSE 100 and CAC 40 matched strides with a 0.48% loss on the day. The DAX closed 95 points lower, at 18,557. That close was actually quite some way above the session low at 18,424. The impact of the EU weekend elections is hard to gauge, but at this stage it is safe to say it does not look like being a positive one right now. The DAX is poised for a modestly lower opening in just over an hour from now and unless something changes during that time, the index is set to open at, or below the 18,500 mark. The immediate lines of demarcation look like being at 18,424 and the high seen on Friday, at 18,649.

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