Snapshot: The DAX is trading around 24,060, up 0.5%, supported by receding Eurozone HICP inflation, now at 2.0% YoY. Today’s session will likely be driven by spillover from European markets and risk sentiment into the NY open.
- Watch for a break above 24,100 to signal further upside momentum.
- Rising VIX (now 18.38) remains a risk, signaling potential volatility.
Bias into NY: We favour a neutral-to-bullish bias, contingent on the DAX holding above 24,000. US yields are firming slightly, but receding Eurozone inflation will likely support a stable risk environment, barring any surprises from upcoming US data.