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Since the last update here on the European and US equity markets, the DAX turned lower after setting a new record high earlier, at 23,440. The fall since the high has seen the index drop below 23,100 and close to where it closed last night, at 23,081. Meantime, the US equity futures came under further pressure and that saw the S+P 500 price a reopening close to 5,775. The Nasdaq 100 futures fell even harder in percentage terms and has priced the opening close to 20,325 a short while ago. The index had closed last night at 20,628, with a gain of 275 points on the day. The losses in the tech sector are once again in the spotlight, with the likes of Broadcom leading those in the premarket this morning. Once again though, we should expect more volatility to come, even before live trading resumes. The Nasdaq 100 is right now priced to reopen around 20,385
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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