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DAX waiting for German PMI reports this morning

Yesterday the DAX closed higher. The index gained 91 points to close at 18,448, which was interestingly below that noted technical level, at 18,452. Earlier in the day the index had reached a session high at 18,476. The 0.50% gain on the day pretty much matched the 0.52% rise seen in the CAC 40. At 7.30am GMT we get the August Flash PMI readings for Services, manufacturing and the composite. The markets are not exactly expecting much in the way of any improvements here and the DAX will be keeping a close eye on what shows up there. So, the Index future is not much removed right now from where it closed last night and hence the opening call is not anything to shout about at the moment. 
 

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