Market sentiment turned from panic to euphoria in less than 24 hours yesterday and we are looking at a continuation of buying spree today. DE30 was below 13000 just yesterday morning but has added more than 500 points (!) since then and is trading at the highest level since January 2018, less than 1% off the all-time highs. Trades looked past the fundamental data from Germany where industrial output was slightly better than expected but exports collapsed.
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