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As reported on here at the time, the slide in European stocks saw the DAX plummet to a low at 18,812. The rebound that followed came later in the session and it was quite impressive, given the falls seen earlier in the day. The DAX recovered back above 19,100 and later closed at 19,060. So, despite rebounding well, the index still closed 128 points lower and some way below the earlier session high, at 19,211. The outlook this morning is moderately positive though and right now the index is looking at an opening around 19,150. It was priced to open closer to 19,175 earlier. The price action across the DAX futures is rapid though and there is little sign of much in the way of a reduction in the levels of volatility we saw yesterday. More of the same to come today folks
So, the initial reaction to the US jobs data saw the dollar fall sharply. As reported on, that dive sent the GBP/USD above 1.28 and the EUR/USD above...
The US equity market futures are all in the green right now and pointing to a slightly higher opening in around 30 minutes. The gains look pretty...
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