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DAX set for a sharply higher opening today
Yesterday the major European stock market indexes all posted modestly higher closes. The DAX was in relative terms the worst performer amongst the three, when it gained 0.41%. The FTSE 100 was the best (+0.64%). The CAC 40 closed 0.56% higher. Well, this morning the DAX is sure out in the lead, when it comes to futures gains. The massive earnings beat from SAP earlier today has also significantly boosted the opening outlook. The DAX closed yesterday at 21,293, with a gain of 87 points on the day. It is currently priced to reopen above 21,750, right now at 21,770
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USD/JPY spikes higher after US Flash May PMI beats the street on both counts
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