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European stocks pare gains-check out the DAX right now
There is very little in the way of any meaningful US economic data today and of course the focus this week is very much on the CPI report, which is due out at 12.30pm GMT. Ahead of the US equity market reopening this afternoon, the US futures are slightly off their best levels and that has come as the European stock markets drop back from earlier highs. Earlier this morning the DAX rose to a high at 18,459. It is now trading back underneath 18,375, as the CAC 40 and FTSE 100 also pare their earlier gains. The DAX is currently trading at 18,370
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