Today has seen Mercedes, of Daimler AG, lighten the mood with some decidedly solid January figures. An increase of 15% year-on-year, helped by an increase in China of 45%, has helped chief executive officer Dieter Zetsche look assured in the direction he is taking the company. This is a far cry from the sentiment that investors had towards him just over a year ago.
Also in the news today is Volkswagen, who is looking to increase its offer for Scania, the Scandinavian truck manufacturer. This diversification has been on the cards for some time so will not have taken the markets by surprise.
The Germany 30 is currently trading some 700 points off its January highs and, other than a momentary blip where the bulls were tempted to come back in on 28 January, has been lacking confidence for several weeks now.
Comments out from the European Central Bank on Thursday and non-farm payrolls on Friday could well alter this sentiment but, unless a change in direction appears soon, this long-standing bull-run may be severely tested.