 German DAX futures 0.3UK FTSE futures 0.4The heavy selling in Europe yesterday came amid a more hawkish ECB with the Eurostoxx, DAX, CAC 40 all posting over 3 losses. As such, the light bounce here really isnt saying much. In the case of the DAX, it is a painful retreat after having come close to test the June high earlier this week: This article was written by Justin Low at 