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The earlier noted rebound cross the European stock markets has now delivered more upside for the FTSE 100, DAX and CAC 40. The FTSE 100 is still leading the way and now rising back above 8,250. The DAX is trading back above 18,325 and the CAC 40 is extending a rebound back above 7,450. So, does that mean the worst is now over? Well, it could be, but at the same time all these indexes are not out of the woods yet. Certainly it seems we have value hunters back in and picking stocks up off the lows but it is not exactly certain we will not get another tech led sell-off later on, or perhaps next week. The US PCE data at 12,30pm GMT might have an impact too. Updates will not be delivered here immediately after that data, due to maintenance work here, but will resume after the 4pm London FX fix. For now though it is business as usual. The CAC 40 is now advancing even more extending that break back above 7,450, currently trading at 7,490
The push above 150 noted in the USD/JPY just now has come alongside further gains in the US equity space. So, it seems the service sector beat is...
The March US flash PMI data has just now hit the screens. The service sector reading was last at 51 and expect to be unchanged. It has risen to 54.3...
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