8:45 AM · 10 December 2019

DE30 sharply lower, tests 13000

Early European trade sees DE30 moving sharply lower as comments from China cool market sentiment again. The Chinese foreign ministry urged the US to “drop cold war mentality” in a sign that any trade deal remains remote just 5 days ahead of the deadline to increase tariffs again. DE30 is now testing 13000 support, as bears eye another support at 12950 points.

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Daily summary: Weak US data drags markets down, precious metals under pressure again!

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