DAX 40 Falls Through Key Support as Global Markets Under Pressure

The global markets are experiencing a downturn, as evidenced by the DAX 40 index falling below its key support zone of 25,176-to-25,164. This has led to a short-term bearish outlook for the index.

The AUD/USD exchange rate has also declined, losing nearly 4% from its early September high of $0.7238 and approaching the July low at $0.6923.

Copper prices are coming off last week's record high of $6.8181, with minor support seen in the $6.5000 region.