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DAX set to open sharply higher this morning

The DAX was stalling above 18k yesterday, but it did manage to post a daily close above that level after setting a new all time high beforehand at 18,044. The DAX closed 27 points higher, at 18,015. Well, despite the lack of traction yesterday, the surge in US stocks last night sees the index set to gap open significantly higher this morning. Right now that is at, or above 18,200. This might change over the next couple of hours before live trading resumes, but as things stand the index is set to leave open a yawning gap at 8am GMT. There is some modestly important German PMI data due out soon after that opening. At 8.30am GMT we get the preliminary March Manufacturing and Services PMI data and it is expected to show a modest improvement.  That data could help shape how the DAX fares after what will be a higher opening this morning                                                  
 

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