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FTSE 100/DAX divergence highlights early trading
The European stock markets have been open now for around 30 minutes and during that time there has once again been some marked divergence between the DAX and the FTSE 100. That was very much the case yesterday and so far this morning it is the same. The DAX is dropping back, whilst the FTSE is advancing. The UK market is still hot on the M+A trail and that does not seem to be delivering any month-end profit-taking yet, with the index close to its record highs reached yesterday. Conversely, the DAX is now falling to session lows around 18,085. This might all change as the day unfolds, but for now the FTSE 100 has the yellow jersey amongst the markets here in Europe today
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