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No rebound yet for stocks-check out the DAX now

As early US participants rejoin the markets there has been no rebound in any of the US equity futures. Indeed, all three major index futures are close to session lows, as the European markets also refuse to bounce. The FTSE 100 is under pressure and the CAC 40 has further extended the move below 8k today, now closing in on 7,950. At the same time, the DAX is under pressure as the latest Pan German CPI data is about to hit the screens any minute. The DAX is currently trading atr around 18,530 
 

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