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Yesterday the DAX was the worst performing major European stock market index. In fact, it was the only one of the three to end the session in the red, when it closed 29 points lower, at 15,070. Earlier in the day the index had risen to as high as 15,174. The futures price action overnight and this morning has been relatively subdued, but the opening outlook right now is positive. The better German factory orders data might have helped that too. The lower oil price should be more supportive as well, but there is not really much evidence of that so far this week. The index future is just now pricing the reopening at around 15,115
Owing to technical reasons, after this there will be no more updates from this analyst until early tomorrow morning. In the meantime, we should note...
Not long ago the DAX lifted above 22,425 and that means it has lifted further above the last technical rebound level of note (22,299.29). Of course it...
There is not that much of importance due out today in terms of US data releases or Q1 earnings reports. However, as far as earnings go, that sees...
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