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The rebound in the major European stock markets is now tempering somewhat and the CAC 40 and the DAX are edging back from their best levels of the morning. Early US participants are now returning to their desks and greeted with a Nasdaq 100 future that is still not far off its best levels of the day. Earlier the index, which closed yesterday at 20,453, was pacing that opening at close to 20,525. It is just now pricing the reopening at around 20,510
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