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Yesterday the DAX was the best performing major European stock market index, outside of the gains in the FTSE MIB (Italy). It closed 0.96% higher, rising by 173 points, to end the session at 18,175. That rise built further on the positive close just above 18k it had set on Friday. The higher closes on Wall Street last night and the further rise in the FTSE 100 futures have led the opening calls for the DAX today closer to 18,250 earlier. The index is currently priced a little below those levels just now, but as things currently stand, the DAX is set to open around 18,230 later this morning
Just ahead of the European stock market opening, the dollar is making something of a rebound. That has been led by the USD/JPY rising back above 140...
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