The European stock markets will reopen in a couple of minutes and the outlook for the CAC and the DAX is not positive. Both are set to kick off the new month in the red. The DAX was the weakest of the major indexes yesterday, as noted in a previous update. The DAX closed 97 points higher, at 18,508. The index is right now priced to reopen at below 18,425 and it will be interesting to see if it will rebound on the opening, or not. The outlook seems to be in the balance right now. We shall shortly find out which way this one will blow and whether or not it will bounce on the opening