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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
Since an earlier update today, oil prices have continued to press higher. The price action has not all been one-way though, but if you look at an...
As the European close looms in less than 30 minutes there is no rebound across the major European equity indexes. Over the past couple of hours there...
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