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The European stock markets are now setting fresh session highs. The DAX is back above 15,300 and now rising above the high seen on Friday, at 15,310. At the same time the gains here in Europe have lifted the US futures too. The leader here in Europe has been the FTSE 100 in percentage terms and that has seemingly being helped higher by a rebound in the oil price. Brent crude for January delivery has now lifted back above $81 and it is right now extending towards $81.50. That has helped the FTSE 100 to rise above 7,410 after officially reopening earlier at 7,360.
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...
The very important US Q1 GDP estimate and core PCE price index have just been released. The flash estimate for Q1 GDP has shown a fall of 0.3% . That...
The April US ADP private payroll report has just been released. As noted here earlier, the markets were looking for a lower number this month around...
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