German DAX continues recovery supported by ECB
ECB members' comments yesterday seem to have a lasting impact on the market. They have said that the ECB will not tolerate rising yields. Importantly, rising yields in Europe are being driven by rising yields in the United States, not necessarily inflation expectations for the euro area. ECB members said that additional easing may be provided if needed and that yield curve control is one of the options as well. DE30 benefits from improved moods and has briefly traded at an all-time high above 14,180 pts.