DAX tries to recover back above 18,500 after EU unemployment falls slightly

A bunch of European data has just been released. This covers the various confidence indexes and the latest Pan-European unemployment numbers. The European stock markets were already making a move back into positive territory ahead of this data and the gains were being led by the FTSE 100. The dollar versus Europe was weaker than earlier and the gains in the Yen on the major crosses had been quite significantly pared back as risk aversion dissipated. The unemployment rate fell slightly to 6.4%, where 6.5% had been forecast. The DAX was trying to make a move back above 18,500, but so far any further gains above this level seem difficult for the time being