DAX unimpressed by IFO miss

Following on from the previous update, noting the lack of any negative reaction in the Euro to the rather disappointing IFO report, the DAX has taken notice though, as was just mentioned. The index has fallen to a new session low at around 18,125 on the news. That new low comes amid further pressures in the US stock futures and a similar move lower in the CAC 40 and the FTSE 100. So, whilst the EUR/USD might be ignoring the IFO, the stock markets are not and under the current circumstances that was not the kind of data the DAX needed right now, as was highlighted here earlier today. The DAX is just now trading at 18,130