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DAX set to open modestly higher this morning

The European stock markets will shortly reopen for live trading. It was a positive start to the week for all the major indexes here in Europe yesterday and one that was led by gains in the FTSE 100, as it rebounded with the oil price. The FTSE closed 0.89% higher. That compared to gains of 0.60% for the CAC 40 and 0.73% for the DAX. The DAX closed 110 points higher, at 15,345, which was within a point of its session high. The outlook for this morning is slightly positive, but we do have some important data due out later this morning, at 10am GMT. This is the latest German ZEW economic sentiment index. It is expected to show quite a marked improvement in November, rising to around 5, from -1.1 previously. Current conditions are expected to improve slightly too, but remain firmly in negative territory. Of course the DAX will have been up and running for a couple of hours by the time this data arrives and right now the index is set to open a little higher this morning, currently priced at around 15,375
 

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