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DAX slips after German GDP fails to pass expectations
The latest German GDP report has just this minute hit the screens. The markets were expecting GDP to rise in Q1 by around 0.2%, where it fell by 0.2% in the previous quarter. The flash reading has risen as expected. Now prior to this data, the DAX had risen above 22,600 earlier, peaking at 22,607. That was then followed by a fall back towards 22,500, but that level held firm and it was pushing back up leading into this GDP report. The impact of that data has seen it fall back and the reason for that seems to rest with the fact that this may well have been priced into the markets at 22,600? Perhaps had we had a beat on that GDP data, then it might have been a different story? The DAX its just now trading at 22,515
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