German producer prices keep falling-check out the DAX futures

The German DAX closed higher on Friday, ending the week with a daily close at 15,919. That close was 132 points higher than on Thursday and represented a gain of 0.84% on the session. The latest German Producer Price inflation report has just this minute been released and it has shown a continued fall in both the monthly and annualised readings. German producer prices are currently falling at a rate of 11% on an annualised basis. However, that was exactly as expected by the markets and so not exactly having much of an impact. The DAX futures are slightly lower this morning though and it remains to be seen, if the index can reclaim that 16k handle. The high seen on Friday was set at 15,952 and that price point is likely to be the first hurdle this morning, if the index does push higher again, when live trading resumes in less than an hour. The index is currently priced to reopen at around 15,910