Indeed Wall Street rallied to close up some 33 points having spent  most of the session in a negative state. In Japan the Nikkei was down modestly  whilst Australian markets   were  slightly better .

In  Europe this morning Dax futures are trading over 30 points higher than they were at the London close the early call for London reflects  this positive  mood and we set to open 35 points to the good.

We should test  the resistance at 5896 on the open  but the bulls would like to see last weeks high of 5917.5 taken out -  failure to do  so would bring the strength of any bounce in to question .

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