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Since the last update here, the European stock markets have continued to forge higher. The gains have been led by the DAX, which has now surpassed that 19,862 level by around 30 points so far. At the same time the CAC 40 has risen further, above 7,260 on some fresh optimism, that an eleventh hour deal might be possible on the French budget. These gains have lifted the US opening outlook and right now all three major indexes are priced to kick off the new month in the green. In relative terms it is the Nasdaq 100 that is leading the way. Of course there was no fresh record high for the index last week, when it remained camped below the 21k level. The index closed out November on Friday, at 20,930. Nevertheless, at the same time that was still a record monthly close for the Nasdaq 100. The futures are just now pricing a reopening at around 20,965
The US Federal Reserve voting committee, the FOMC have just announced the outcome of their monetary policy decision. As expected, the Fed have left...
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