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DAX continues to lose ground after ECB speakers pour cold water on further cuts

There has been a whole plethora of ECB speakers spouting off this morning and the takeaway from most of that is increasingly the cut in rates yesterday could be a one and done. That is not definitive of course, but the rhetoric coming out this morning is one of caution in regards to the markets expecting more of the same. That has seemingly weighed on the DAX and the index is falling further into the red just now. The DAX is now approaching 18,500 to the downside, currently trading at 18,510 

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