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DAX rejecting 17k again in early trading

The European equity markets have been open for nearly an hour now. It was a generally positive and higher opening for stocks here in Europe. However, as already mentioned, the FTSE 100 is still dragging its heels and not making any progress yet today. What I should have also noted in that earlier update, when looking at why that is the case, it is because the FTSE has virtually no tech components and that is a major disadvantage too. The DAX did reopen on the front foot though, commencing trade at 16,975, from a close on Friday at 16,926. However, it has so far rejected any kind of dynamic move higher from there and stalled short of 17k again. The high seen so far has been set at 16,991 and it is edging lower as I type this update, currently trading at around 16,970
 

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