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Not such a flying start for the DAX this morning

Following on from the previous update, noting the lower start for the FTSE 100 this morning, the DAX has performed in a similar fashion too. The index has dropped towards 16,600 on the opening, but of course that was always a likely outcome, given the falls in Asia and pricing on the DAX futures, covered here earlier. The DAX is clearly succumbing to pressure that surrounds it from the wider markets, but the latest German data has continued to belie the move in the stock markets, which is surely a conundrum that will have an impact at some point, even if the upside trend remains as it is. That said, the index is over cooked on a technical basis and perhaps those wider markets might deliver more of a correction this morning? We shall see in due course, The DAX is currently trading at 16,610 

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