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DAX opens lower ahead of IFO release
As noted here earlier this morning, the DAX futures were falling back into the opening this morning. The index has just now opened and it has been a lower start to the new week for the DAX. That could be due to trepidation over the looming IFO index (8am GMT) and it could be due to losses in the Nikkei 225 also weighing slightly on the US futures this morning. The DAX has just reopened below 18,600. The FTSE 100 and all the London markets are closed today and that might be a drag on the price action too. The lack of upside in the EUR/USD above 1.12 this morning is also a slight headwinds perhaps? The DAX is currently trading at 18,590
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