DAX snaps run of gains but futures slightly higher this morning

As covered here yesterday, the DAX snapped a run of gains, that saw the index come ever closer to the record high it reached in March, at 23,476. The index topped out yesterday at 23,387 and the immediate catalyst for the fall to 22,861 was all about Merz not getting enough support in the first round of voting to see him become the German Chancellor. Of course he did manage that at the second attempt. That helped the index later rebound. The index rebounded to 23,356, before closing just 94 points lower, at 23,249. The rebound in the US futures following the news out of China earlier has helped the opening call for the DAX this morning. The index was pricing the opening close to 23,400 at one point, but it has pared that call in more recent trading. The DAX is right now priced to reopen around 23,280, but that can soon change between now and when the index reopens a little later this morning