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The FTSE 100 was the worst performing major European stock market yesterday, but that did not stop the index from setting another all time high and another record close. The FTSE 100 reached 8,789.58, before later closing just 9.59 points higher, at 8,777.39. The fact that UK yields rose again yesterday might have stunted the gains, but as you can see, it did not reverse the direction. The index also defied some of the recent UK earnings reports. The outlook for the opening this morning is modestly positive, but that seems to partly rest with gains across the wider European market futures ahead of the opening. The FTSE is currently set to effectively reopen around 8,782
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
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