Snapshot: The DAX is trading at 25105, down -0.15% on the session, despite easing Eurozone HICP figures at 2%. Focus remains on German CPI data due at 08:29 CET. We are also monitoring any escalation in Middle East tensions, which could trigger a risk-off move.
- Watch Bund yields: any further downside in 2Y Schatz (now 2.550%) could support DAX upside.
- Geopolitical headlines out of the Middle East still remain a key risk.
Bias into NY: Neutral, but leaning cautiously bullish, as eurozone inflation coming inline supports gains, assuming the German CPI print aligns. Watch for initial resistance around the day’s high of 25201.