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DAX slips on the opening
The European stock markets have just reopened for the final trading session of the week and it has been a slightly lower start to the day. The DAX has dropped back closer towards 17,800 in very early trading. The index had closed yesterday at 17,842, with a gain of 126 points on the day. Earlier this morning the DAX futures were pricing a reopening above 17,900 at one point. Well, that has not exactly played out in the first few minutes of live trading, despite dovish comments from Villeroy and Kazaks (both ECB council members). Perhaps that is rather strange and it seems that way to me, but of course this early price action can soon change, besides the DAX is not much removed from where it closed anyway
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