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European stocks recover earlier downside- DAX rises above 18,350
The European stock markets have certainly turned around now after earlier dropping back. The CAC 40 led the early falls, but since it failed to fall below the low point seen yesterday, the index has now recovered and lifted to session highs above 7,550. However, it remains to be seen how much further this rebound might extend to. The DAX has taken advantage of that CAC rebound and now lifted above 18,350. The FTSE 100 is higher too and that rebound has come amid a corresponding rise back towards $85 in the price of Brent crude. The DAX is currently trading at 18,352
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