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DAX slips ahead of IFO report

The earlier modestly higher opening for the DAX saw the index resume live trade officially at 18,165, but that was just a book entry and the effective opening was at, or above 18,225. The high seen so far has been set at 18,226, but it is tracking lower after the first 30 minutes of live trade. That has now seen the index fall back below 18,200 and towards 18,175. The price action looks very uncertain to be honest and outside of anything political this morning, the IFO seems to have the call on where the DAX trades to next, especially in the absence of much in the way of data from the US later on. The DAX is just now trading at 18,203 

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