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DAX set for a rude awakening this morning
Last week the DAX reached a new all time high, at 25,900. That was covered here in many updates and so was the subsequent reversal from that new record, which saw the index fall back as low as 24,830 by the middle of the week. The index closed on Friday at 25,067 and it is set to potentially fall below the lows seen last week this morning.
The surge in oil prices again today will do the index no favours, as we keep reminding readers. The DAX futures have priced the opening as low as 24,775 earlier today, but right now it is off that low. However, the risks of the index extending on the downside below 24,830 are all too clear to see. The DAX is currently priced to kick-off the new week around 24,855
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Nasdaq 100 futures still in a hole this morning
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