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European stock markets turn lower- DAX heads back towards 19k again
Earlier today the European stock markets staged an interim rebound and that saw the FTSE 100 hit session highs above 8,325 and the DAX rise back above 19,100. The CAC 40 made a corresponding recovery too, but just now all three are lower again and perhaps surprisingly and in relative terms, the FTSE 100 has backed off the most in recent trading. Meantime, over the Pond the scene is still set for a lower US opening within the next hour. The DAX is now tracking back towards that 19k level once more, having earlier dipped below it, before that modest rebound set in. To be honest there is little reason to be especially bullish on this right now. The index is currently trading at 19,040
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