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European stocks fall to fresh session lows- DAX hammered below 19,500
The reaction to the breaking news a moment ago; that China is to increase US tariffs by an additional 84% effective tomorrow has not been ignored by the European markets. The DAX was trying to rebound ahead of this and so was the FTSE 100, but not anymore. Both have felt the fallout across the US futures and this news is yet further evidence of the escalation in the trade war. The DAX just slumped towards and below 19,450 as the FTSE 100 falls towards 7,600. The DAX is right now at 19,445
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