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German Factory orders surge in December- DAX futures rise
The December German factory orders data has just been released. The markets were looking for a significant rebound of around 2%. Orders had fallen in November by 5.4%. They have actually just risen by a whopping 6.9%. That is one heck of a beat. The news has not actually delivered much of an upside reaction in the EUR/USD, but it could support the DAX. That index is set to open markedly higher this morning. There will be more to add on that, but the current indication is for the DAX to kick off the new session around 21,690. It closed yesterday at 21,585.
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US data releases on the agenda this afternoon- check out the Dow Jones futures this morning
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