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As just covered in the previous update, the outlook for the European stock market reopening is pretty positive right now and besides the FTSE 100 making headway, so are the DAX and CAC futures too. The DAX played second fiddle to the CAC yesterday, but still managed to just about avoid a lower close, albeit by the smallest of margins. The DAX closed just 3.79 points to the better. The index closed at 17,770. The futures price is right now indicating it will reopen above 17,835 The rebound is being helped by the further fall in the wider dollar and a rebound across all the US stock futures.
Owing to technical issues there will be no further updates this afternoon. It is hoped that Quick News coverage will resume when the Amazon results...
Earlier today an update here noted the EUR/GBP was most definitely in play today and as you can see that is very much the case. So, as the GBP/USD has...
The Bank of England (BOE) has just announced the outcome of its monetary policy decision. The overwhelming general consensus was for a cut of 0.25%...
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