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DAX set to open above 17k this morning

The European stock markets are set for a higher opening this morning. The FTSE 100 is leading the rebound in the futures, but more on that in another update. Meanwhile, the DAX was the weakest of the major indexes yesterday, when it closed 0.38% higher, at 16,945. Nevertheless, that close was some way above its earlier session low at 16,857. However, the gains in Asia today and the higher US closes that preceded that have helped to buoy the opening outlook this morning and the DAX futures are currently pricing a reopening at above 17k today, just now at around 17,017

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