DAX set to reopen above 20k this morning

The opening outlook suggested in the headline here may of course change by the time the DAX reopens, but for the time being that is where the markets are pricing it, above 20k. Yesterday, as you surely know the index got well and truly hammered yesterday, in what was historic moves. That saw the DAX slide into a Bear market, when it dropped below 18,780. The low seen was set at 18,489. The rebound that followed saw it spike higher on the reported fake news concerning a 90 day delay to the tariff measures planned to kick in tomorrow. So, the DAX charged higher, reaching 20,799. This analyst simply cannot remember a bounce of over 2300 points in a single session at any time in its history. Well, the DAX later closed at 19,789 with a loss of 852 points on the day. The opening outlook this morning has clearly gotten support from the US futures and the gains across the Asian markets today. So, as things stand it is set to open higher in around an hour. That opening outlook is right now above 20,150, but of course it can easily change too. On the basis of now further news, it looks like a day of consolidation is set to come in early trading later on