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DAX not far from record highs now

Yesterday the German DAX led the European gains and it did not really look back at all into the daily close. The DAX closed 254 points higher, at 18,430. That close has taken the index one step slower to its 2024 and all time high, at 18,567. The upshot of that close ensured the DAX was the best performing major European stock market, although once again the Spanish IBEX continues to outshine overall. That closed 1.50% higher yesterday. The DAX even beat the FTSE 100 to the finishing post yesterday, but more on that index in another update this morning. The DAX was lifted by a standout gain yesterday from Infineon (rose by nearly 13%), despite warnings of lower revenue from the German chip maker. So, is the DAX now poised to set new records before the week is out? Well, from a technical perspective there is not much in the way of where the index closed last night and its current all time high. The DAX futures are right now pricing a reopening at around 18,450 
 

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