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The DAX index's primary trend turns down.
The US central bank delivered its biggest rate increase in almost 30 years earlier in the week and tech sector reels, despite initial reaction higher
The US index plunged on Monday and closed in bear territory, in the aftermath of the renewed surge in CPI Inflation, but stages a rebound today, ahead of Wednesday’s policy decision by the Fed
US indexes trade in their long-term weak areas. All have associated underlying momentum to the downside, but the small companies index is especially afflicted.
The European central bank signaled interest rates lift-off in July and more hikes ahead, sending the index lower on Thursday, which tries to react today
The Index has been consolidating since late-May, as renewed Fed hawkishness and stagflation fears halt its recovery, while investor prepare for new inflation update from the US
The World Bank slashed its Euro area and global GDP projections yesterday, while today we see cautious market sentiment after mixed economic releases and ahead of ECB’s policy decision on Thursday
Yields have kicked up, supported by the substantial job numbers. eyes now turn to the inflation numbers due at the end of the week.
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