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European stocks rebound-CAC leads gains as DAX rebounds
The European stock markets have risen sharply in the past 30 minutes. It is unclear what is behind the rise and it is being led right now the CAC, by the looks of it. The German DAX seems to have ignored the weaker unemployment data and lifted to a fresh session high above 18,325 a moment ago. It has not yet threatened the noted 50 day moving average. Incidentally, that has now risen after the opening today and now stands at 18,380. The move higher in the DAX could actually be led by the CAC just now. Earlier this fell close to the 7,464 interim low, but so far that has held. The CAC is now trading back above 7,500
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DAX still attracting the flow as it pushes to session highs above 22,425
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Another technical look at the S+P 500 with big earnings due this week
There is not that much of importance due out today in terms of US data releases or Q1 earnings reports. However, as far as earnings go, that sees...
