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The DAX was not able to post a higher close yesterday. The index ended the session 19 points lower, at 16,941. That close of course came ahead of the further gains for the US stock markets last night and the higher US closes have certainly buoyed the DAX futures this morning. The index future has been pricing a reopening at above 17k earlier today. It is not far below that level right now and it could be set for a new all time high, when live trading resumes in around 20 minutes. To remind the reader, that the current all time high for the DAX remains at 17,003. The index is facing a series of German earnings reports this morning too and those could have an impact, one way or the other today. The DAX futures are currently pricing the opening at around 16,997
Since an earlier update here Gold has now managed to vault the $2,500 handle. The move higher has been gradual and comes as stocks turn down in recent...
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