Snapshot: The DAX is currently trading at 24129, down 89 points or -0.37%, continuing its five-day losing streak despite the S&P 500 futures pointing to a positive open. Geopolitical concerns, specifically regarding shipping in the Strait of Hormuz, are weighing on sentiment, offsetting positive corporate earnings news from SAP and Siemens Energy.
- Watch 24000; a break could trigger further downside.
- US 08:30 NY data print presents a headline risk.
Bias into NY: Cautious short on DAX. Despite the strong Nasdaq futures (+1.64%), German equities are underperforming, suggesting specific regional headwinds. Expect continued pressure toward 23900 if risk sentiment sours.