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The falls across the Asian stock markets, led by the Nikkei 225, are having an impact on the outlook for the European opening this morning. The DAX is not being helped by another set of poor German data released a short time ago. The January industrial orders fell by 11.3%, where a 6% decline was forecast. The DAX did manage to grind to a slightly higher close yesterday, gaining just 18 points, at 17,716. The index is set to open lower this morning, as US futures fall too. The current outlook suggest it will resume live trade at around 17,675
Earlier today the European stock markets were on the front foot and that saw a new all time high for the DAX, at 20,522. That record helped to lift...
As covered in earlier updates here, the combination of higher US yields and a firmer USD/JPY did push gold below a technical support level, in place...
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