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Well, it was not looking too bad earlier today for the European stock markets today, but it did not turn out that way by the close. Everything ended in the red. The DAX, which had earlier risen to 19,385, gave it all back and more and dropped back towards 19,260, before closing 109 points lower, at 19,295. The worst major today was once again the CAC 40, which continues to see sellers leaning into almost every rally. The CAC did also rebound earlier today, tracking the DAX higher. However, that blew out at around 7,255 and the index subsequently fell back to 7,189 and later closed not much above that low, at 7,194, with a loss of 62 points on the session. The CAC futures are right now lower too and it once again does not bode too well for the opening tomorrow. That might change between then and now, but overall it seems like this index just has no friends so to speak of at the moment.
Following on from recent updates looking at the US equity futures and the DAX after the opening, the German index has now crumbled again. It has now...
As today is the third Friday of March it means today is what as known as Quad-Witching Day. That occurs on the third Friday of March, June, September...
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