DAX set to open sharply lower this morning

The opening outlook for the European stock markets is decidedly bleak this morning following the target 20% trade tariff set in place upon the region by the US President last night. That especially impacts the export driven German economy in general and its automakers in particular. The DAX had already closed lower yesterday, ending the session 149 points lower, at 22,390. Well, folks it is not going to reopen today anywhere near that level. The index was priced to open as low as 21,550 earlier during the Asian session. The call on that is higher now, but still substantially below where it closed yesterday. The DAX is currently priced to reopen around 21,850 and you need to be braced for some incredibly fast priced moves again today and perhaps more so than anything seen so far in recent times. There will be more to add when live trading gets underway at 7am GMT