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European stocks slip as the morning unfolds-check out the DAX

Since my last update here and an interim rebound in the German DAX, that took it to session highs, at 16,039, the index has now fallen back. The drop comes alongside a further fall in the FTSE 100, but as noted here earlier, the FTSE 100 never really got going. Now it is dropping back close to 7,450. The DAX is now tracking back close 15,975, as the US futures also fall back from earlier levels. At the same time, the dollar is certainly not materially higher, but it has rebounded further versus the Yen and that has helped both the EUR/JPY and GBP/JPY to recover some downside seen earlier in the session. The DAX is just now trading at 15,980 

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