European stock markets are enjoying strong gains today with DAX testing 12,200 pts handle at press time (+1.75%). Investors are waiting for the EU finance ministers conference call. However, there is a growing feeling that politicians will not agree to any joint actions. Having said that, European equities may be set for disappointment, just as they did after yesterday’s G7 statement.
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DE30 surged towards the upper limit of the trading range today. Source: xStation5
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