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As the morning has progressed the European equity markets are finding their feet a bit more and even the CAC 40 has rebounded off the lows. The DAX is back above 19,300 and edging past 19,335. This seems to have gotten traction from the gains now seen across the US futures. The S+P 500 is now pricing a reopening above the 6k handle again and the Dow Jones is just now edging past an opening indication above 44,800. Remember the index topped out yesterday at 44,815. Well, right now it looks like it might open close to that level, or perhaps even above it. Of course there is more than 2 hours to go before the US markets reopen, so the opening outlook could easily change again. One thing to note from an earlier update, looking at the S+P 500, was the fact there is another US data release due out at 3pm today and this is the latest US consumer confidence index- expected above 111.4, from a prior reading at 108.70 and it could have an impact. Meantime, the Dow Jones is currently priced to reopen at 44,805
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