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Yesterday the DAX closed lower. The index handed back 53 points to close the session at 19,432. There was clear and noted rotation out of the German benchmark in the direction of the FTSE 100, which was the standout outperforming index on the day. However, the DAX futures are higher right now this morning leading into the opening in a couple pod minutes from now. The prospect of an ECB rate cut today is probably supportive, but it probably depends on just how aggressive that cut is which might determine the closing level for the DAX this afternoon. The DAX is just now priced to reopen at around 19,495
Owing to technical issues there will be no further updates this afternoon. It is hoped that Quick News coverage will resume when the Amazon results...
Earlier today an update here noted the EUR/GBP was most definitely in play today and as you can see that is very much the case. So, as the GBP/USD has...
The Bank of England (BOE) has just announced the outcome of its monetary policy decision. The overwhelming general consensus was for a cut of 0.25%...
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