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The DAX is set to open modestly higher shortly this morning. Yesterday the DAX was the worst performing major European stock market index, but it was a close call with the CAC 40. The DAX handed back 0.56% and the CAC 0.50%. Earlier in the session the DAX had risen to a high at 19,286 after reopening at 19,231. The low set was at 19,147 and that is exactly where the index closed, on the low of the day. The noted failure last week to climb to new heights was covered here yesterday and the fallout from that failure is still in evidence this morning, despite the outlook for a slightly higher opening. The DAX is pretty much like a lot of other markets right now, caught in the headlights of the US election and investors have been taking money off the table. That is pretty clear from the price action over the past few sessions. The question really; is there more to come? The DAX is right now set to reopen around 19,175
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