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European stocks open modestly higher- Check out the DAX now
The European stock markets have unsurprisingly reopened higher just now, but not at the levels indicated earlier. The CAC 40 was the best performing major European index on Friday and the FTSE 100 was the worst, but we are not talking about significantly lower or higher closes there. The DAX has reopened above its Friday close at 17,936, but it has not yet threatened that 18k handle in early live trading. The FTSE 100 is not making much progress yet and neither is the CAC. So, a modestly higher opening today, but in truth given those Asian gains, it should have probably been a bit more dynamic this morning. Unless the DAX can take out that interim double top at 18,038 and 18,039, the downside risk will remain in place for the time being. The index is just now trading at 17,960
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A note about Quick News updates this afternoon as the DAX rejects first attempt at 22k
Earlier an update here noted the surge in the DAX and the prospect, or possibility that it might test the 22k handle. Well, in the event it stalled... -
Is Tump playing the fool or just playing the markets? Dow Jones futures eyeing yet more gains
Before we get to the crux of this update let it be stated; that no one is being accused of anything and this is just a conscientious observers take on... -
US PMI data could be telling this afternoon- S+P 500 close to session highs
So, we have had a whole host of PMI data from Europe this morning and later this afternoon, at 1.45pm GMT we will get the equivalent data from the US...
