DAX still under pressure overall this morning

Earlier this morning, as expected the DAX did open markedly lower. The index kicked off the new session at 25,730 following a close yesterday at 25,981. Initially it traded as low as 25,705 and then rebounded back to 25,775, but since then it has turned lower again and fall to fresh session lows underneath 25,700. At the same time oil prices have just rebounded and Brent rose back above $107 again. That has not helped the DAX. 

The price action is pretty rapid and unpredictable at times and that is to be expected, given where we are today and what is coming from across the Pond over the next couple of days. Indeed as we write the index has just bounced from a low around 25,680. The DAX is currently trading at 25,725