DAX Commentary: Weak Purchasing Managers’ Indices Weigh on Performance

Review: After a lethargic trading session, the bulls took command yesterday and temporarily lifted the index back into the 13,200-point range. However, after weaker purchasing managers’ indices from France, Germany and the euro zone, it already went back below the 13,000 mark this morning. Outlook: After the new movement lows this morning and the subsequent…