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DAX futures lifted as US stocks eye new records

Since the last update here, it looks almost certain right now that Donald Trump will be the 47th President of the United States and that has pushed US stock futures even higher and so all three major indexes are now eyeing potential new record highs later today. That prospect has gradually fed into the opening outlook for the European stock markets this morning. Yesterday the DAX was the best performing major index, narrowly beating the CAC 40 to the finishing post. The DAX closed at 19,256, with a gain of 108 points on the day. The DAX future has also been buoyed by the much better than expected German Factory orders data, noted here a little earlier. However, make no mistake, it is the surge in US futures that is driving the show. The DAX is right now priced to reopen just above 19,400, but a little earlier is was above 19,450 

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