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DAX steals the show yesterday but will it repeat the performance again today?

The German DAX was the star of the show yesterday. The index left everything trailing in its wake, both here in Europe and later in the US. The DAX closed 1.09% higher, where the CAC 40 only managed a 0.24% rise. The FTSE 100 did not perform well at all, but more on that in a minute. So, the DAX extended its move above 16k, rising above 16,200 at one point. The index reached its best level since July, when it topped out at 16,208. It later closed 173 points to the better, at 16,166. The DAX futures are in the green this morning too, currently indicating an opening closer to 16,200. There can be little doubt, that the better than expected German sales data released a little earlier this morning has helped to lift that opening outlook too. There is potential for the month end to finally get the better of the index today, but as yet there is no indication of that showing up in the futures price ahead of the opening soon.

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