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Can the DAX reach 19k this week?
Last week the DAX continued to impress and it pushed to a new all time record high, at 18,970 ahead of the monthly close. The break above the previous all time high, at 18,892 was not exactly extended by much yet and yesterday was a pretty lacklustre session, as one might expect with the US markets closed for the Labour Day holiday. So, the DAX broke no new ground yesterday and limped to a close at 18,930, with a rise of just 23 points on the day. The next bis target for the index is clearly the 19k handle and it remains to be seen if that can be reached this week, or perhaps even today? That price point simply has to be on the radar now. The current futures price is indicating a slightly higher opening shortly this morning. currently at around 19,940
Market News
All News-
Nasdaq 100 slides below 18,500
Well, so much for the higher opening for the Nasdaq 100 earlier this afternoon. The push back above 18,900 looks some way off now, as the index... -
Now risk aversion takes hold of the USD/JPY as US yields fall back again
Well, you were warned about the price action likely to be seen in the USD/JPY this afternoon and it sure is volatile and since the last update noted... -
US stocks slide further into the red- S+P 500 falls below 5,450
As just mentioned in the previous update, the US stock markets have turned sharply lower since opening this afternoon. Hence we now have a fresh...
