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DAX falls again as ECB delivers hawkish rate cut
Following on from the previous update noting the jump in the EUR/USD to a new 2025 high at 1.0844, the DAX has reacted negatively to what is a hawkish rate cut. The index has fallen back to fresh session lows a moment ago, at around 23,060. That reaction is pretty consistent with what one might expect, if the outlook for the ECB to now remain on hold for the coming few months is in the pipeline. The DAX also reacted negatively to the higher Euro and further pressure on German Bunds. The index is right now at 23,095 and it could fall further when the US markets reopen. We shall have to see on that
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Gold takes another hit
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Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
