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DAX set to open higher this morning but will it hold?

On Friday the European stock markets were not able to catch a ride on the coattails of the US indexes, as the weekly close here in Europe came too soon for that. Besides there was clear divergence ahead of that, as Europe continued to head in the opposite direction anyway. So, all the major European indexes ended the week with a loss on the day. The worst performer was the FTSE 100. That handed back 1.28% on the session, compared to a 0.96% fall for the CAC 40 and 0.77% for the DAX. As noted here earlier in the day, the DAX had stalled above 15,300 and then fallen back to as low as 15,171. The rebound into the close saw the index end the week at 15,234, with a loss of 118 points on the session. However, the DAX futures are higher this morning and currently pricing a reopening at around 15,285, but it is another thing to see if this current opening outlook will be sustained when live trading resumes 

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