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European stocks make headway now- DAX reclaims 17,500
Following on from the previous update harking back to the past, the Nikkei 225 futures have just bounced and unsurprisingly that has seen the USD/JPY do the same thing and push up towards the 147 handle again. At the same time the lift in the USD/JPY and the Nikkei futures has helped float a whole flotilla of other boats. US futures are now higher and so are stocks here in Europe. The CAC 40 is back above 7,200 now and the DAX has just nosed its way above 17,500. Earlier the DAX slipped back towards 17,350. So, right now the whole vista looks more positive than it was a little earlier. This will shift again for sure, but for now the bulls have grown in confidence a bit more, but remeber the Nikkei still has the ball in all this
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US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
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