DR.

EUROPEAN MARKET: DRIVING GERMAN INDEX - (DAX AT IT AGAIN)

FX:GER30   DAX Index


Incredible Yen hits 17-month high vs US dollar            

German Bond yield falls to a one-year low

I noticed sharp rebound in European stocks, suggesting a pent-up appetite for an enormous risk.

Europe's main indices fell as much as 1 percent, Japan's yen rose to a 17-month high against the dollar and Germany's 10-year bond yield hit a one-year low.

The dollar's fall to as low as 107.61 yen prompted the Japanese government to warn that it could take steps to weaken the yen's exchange rate. The yen's push higher, and data showing a 9.2 percent fall in Japan's core machinery orders in February, helped drag the Nikkei 0.44 percent lower.

I noticed a significant jump in Italian bank shares ahead of the aforementioned meeting in Rome between the country's largest lenders, the Treasury and the central bank to set up a rescue fund that will help lift European financials and broader indices.

Europe's FTSEuroFirst 300 index of leading shares was up 0.6 percent, Germany's DAX             was up 0.9 percent, France's CAC 40             rose 0.6 percent and Britain's FTSE 100             was up 0.2 percent. All had been sharply lower earlier.

European stocks have fallen for the last four weeks, and another down week would mark their worst run in almost three years. All these above mentioned indications forced me to predicts the future of DAX             ' within the next 1,700 minutes :)
Future of German Index is working out as planned
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