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DAX near session lows after German unemployment rises in June

The June German unemployment report has just been released. The markets were expecting the underlying rate to remain unchanged at 5.9%. The increase in the number of unemployed workers was expected to come in at around 15k, compared to a rise of 25k in May. Well, the report has just revealed a rise to 6% in the underlying rate and a rise of 19k. The DAX was trading lower now this morning after briefly lifting above 18,300 on the opening. The DAX was trading at around 18,240 ahead of this release. It has not yet changed much following this weaker than expected data 
 

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