Snapshot: The DAX is holding steady at 24926, virtually unchanged on the day, as German Bund yields drift lower. ECB commentary this morning on deepening financial integration has offered little immediate impetus. All eyes turn to New York open.
- Watch 25,000 level – breach could trigger further upside.
- Beware risk-off move in US session offsetting positive Asia open.
Bias into NY: Sideways. The German index is likely to consolidate in the absence of a strong domestic driver, with the flat DAX in cash mirroring equally tepid US futures; any risk sentiment emanating from Wall Street could provide direction.