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Yesterday the DAX hit a new all time record high, rising above the previous record at 19,633. The DAX set a new record at 19,674 before turning lower into the close. The index nevertheless posted a new closing record, at 19,583. However, the futures area little lower this morning, as is the case for the FTSE 100 and the CAC 40 right now as well. Perhaps another, rather tepid close for the Nasdaq 100 and a surprisingly lower close on the S+P 500 have led the way? Whatever the reason, the outlook for the European opening is not so positive right now. The DAX futures are just now indicating that opening at around 19,550
It has been quite a messy afternoon across the major FX markets. That has seen a good deal of cross price action, especially in the EUR/GBP. At one...
As expected the US stock markets slid into the opening and that has seen more than 2% falls for the Nasdaq 100 and the S+P 500. Meantime, the Dow...
Following on from the previous update, noting the fall in US Q1 flash GDP at the same time as prices have risen, here is some more colour and opinion...
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