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DAX backs off from a new all time high at 18,892

With so much focus on the reaction across the US markets to the US CPI and retail sales data it easy not to cover the moves in the DAX. It was noted here earlier today; that the DAX could get a lift from the US markets and make history again today. Well, that is indeed what happened. As the US stock futures catapulted higher, that was just the catalyst the DAX needed to set a new all time high above 18,845. The index shot to set a new record at 18,892. Granted, it has backed off from there now and once again it will most likely be the lead it gets from the US markets after the opening that will decide it yet more records are broken this afternoon. The DAX is currently trading at 18,845

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