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DAX still underperforming as US markets prepare to open higher

The US stock market futures are still in the green and still set for a higher opening today. The attempts by 3 Fed officials to walk back on the comments from Powell last Wednesday evening are falling on deaf ears its seems, as far as the US equity markets are concerned. The flow of cash out of bonds and into stocks for a Santa rally is there to see and now the US markets have the bit between their teeth. Meantime, here in Europe the FTSE 100 has continued to outperform and the DAX has continued to underperform. The German benchmark is still very much in the red this afternoon and showing little sign yet of recovering. The index has traded to a low at 16,668 so far and it is not vastly above that right now, currently trading at 16,677

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