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DAX searches new all time highs in opening trade
The European stock markets are now open for business and it has been a rather mixed start. As expected the DAX is advancing and just now probing levels above the all time high, at 21,520. The index is being lifted by a more than 11% gain in ASML. At the same time the likes of the FTSE 100 and the CAC 40 are struggling. Consequently, this is all about tech and the rebound in that sector, whereas household goods, luxury and more traditional sectors are struggling. The French luxury sector is certainly seeing some marked losses in early trading, as pointed out in a prior update on the CAC. Owing to a delayed feed here, it is hard to gauge the exact high just now, but it looks to rest around 21,525. There will be more to follow on that in due course. The index is just edging off that now, currently trading around 21,495. Whatever, the exact number was, the DAX is at record levels this morning
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