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DAX vaults 19,600 as EUR/USD struggles
Following on from the previous update noting the higher European opening, that is still entirely focused on the DAX, which has just now lifted above 19,600 for the first time ever. The FTSE 100 and the CAC 40 are still lagging and the EUR/USD is grinding ever closer to the noted support, at 1.0874. As mentioned here earlier, at 9am we get the October German ZEW economic sentiment index and that is expected to show a modest improvement. The forecast is for current conditions to remain close to the last reading, at around -84.5. The index itself is forecast to improve to around 10, from 3.6 previously. Meantime, the DAX is just now trading at 19,605
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