Snapshot: The DAX is currently trading at 24456 (+0.05%), holding steady after a modest dip in German Bund yields. ECB commentary on financial integration is the main domestic driver, but lacks immediate directional impetus. ECB President Lagarde speaks at 09:00 CET.
- Watch the 24500 level for a potential breakout to the upside; failure to break could signal renewed downside pressure.
- Renewed military clashes mentioned in Trading Economics overview create risk into the New York session.
Bias into NY: Neutral. We see the DAX tracking sideways into the NY open, as a slight dip in German yields is countered by US futures strength.