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European stocks balk at US data miss- check out the CAC 40 below 7,400 now
Whilst the US stock markets are coming under pressure right now (except the Nasdaq 100), the reaction to the US ISM data is seeing a more marked move to the downside here in Europe. The DAX and CAC are both sliding to fresh session lows and hence not enjoying a very good start to the new month. That is unless something changes over the next hour or so. The risk is this will actually deteriorate rather than rebound. The CAC 40 is trading below 7,400 again and the DAX has traded below 18,200. Even the FTSE 100 has come under pressure and this is all rather a marked change from earlier in the session, especially for the FTSE 100, following the BOE rate cut earlier. In terms of percentage losses out there right now, it is the CAC 40 that is leading the way lower
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EUR/USD rebounds into the 4pm London fix after Bundestag passes fiscal reform bill
The EUR/USD is on the rebound again just now. The gains come after it had earlier fallen to 1.0893. Subsequent to that fall the German Bundestag... -
US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
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Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
