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The European stock markets did open lower this morning, but that was almost a 100 percent certainty given the price action across the futures ahead of the opening bell. The CAC 40 is still leading the downside this morning and the reader is referred to the update on that sent out earlier. Meantime, the DAX is not faring much better. The index reopened today at 19,309, after setting close yesterday at 19,405. It has not made any headway at all yet, with the high seen so far set at 19,315. It is falling back to session lows right now, as it drops towards 19,250.
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