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DAX sets another record high as it approaches 22,500
The penultimate update here noted how., despite an earlier attempt to close the open gap on the daily charts, the DAX had pressed higher again. Well, since then it has pushed even higher and that has now delivered another record high a moment ago. So, it seems the rising prospect of a peace deal on the Eastern European flank is further driving the index to levels not seen before. It is important not to under-estimate the importance of that. However, optimism is one thing, but reality is an entirely different matter and peace is a long way off perhaps. Hopefully that is not the case and besides that, the DAX is already really buying into this prospect, as you can see right now. The index is currently trading around 22,499
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