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DAX takes a hit below 15k on the opening
The European stock markets have just this minute reopened for live trade and it has not been a great start to the session. The major index futures were all in the red and under pressure ahead of the opening and that has been transposed into the opening moves. As noted, the DAX closed yesterday at 15,085. It has just now reopened below 15k. Ahead of the opening European bond yields were rising again and so were the US equivalents too and of course that is a red flag for stocks as the move out of fixed income is not helping the stock markets at all. We do have a whole bunch of European PMI data revisions due out between now and 7.50am GMT, but those will only matter if there if there are any significant changes. Meantime the DAX is just now trading at 14,985
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