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European stocks love the lower oil price today- check out the DAX right now back above 26k
We have covered a lot of what has been impacting the markets over the past 2-3 hours and most especially that concerns the move lower in Oil. As we write, Brent crude has just now fallen back again and dropped to fresh session lows underneath $105.75.
So, what we have not mentioned and perhaps we should have, is the positive impact that has had on the European stock markets bar the FTSE 100 to a certain degree. The CAC 40 has extended its rebound above 8k this afternoon and close to 8,050. The DAX likewise, as that right now reclaims the 26k handle.
The reason is simple folks- Europe has no oil and when the price falls back substantially like it has now today, that helps the European stock markets outperform, which as you can see, they are right now.
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European stocks love the lower oil price today- check out the DAX right now back above 26k
We have covered a lot of what has been impacting the markets over the past 2-3 hours and most especially that concerns the move lower in Oil. As we...