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DAX futures slightly higher despite VW miss
Earlier this morning the German auto giant, VW announced their Q3 earnings and it was a wider than expected operating loss, of 5.9 billion Euros. That was due to a number of factors; falling sales in China, higher restructuring costs and a write down for Porsche.
Well, so far that has not impacted the DAX much, which might come as a surprise. The DAX was the best performing major European index yesterday, closing 113 points higher, at 25,704. The index had traded as high as 25,716 prior to that, so as you can see, the close was not far off its best levels of the day.
Right now the DAX futures are higher and pricing the opening around 25,740, but given the news from VW that opening call could shift from now on and it looks like being a choppy start to the day
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