12:39 PM · 4 November 2019

DE30 soars on Monday, +25% so far this year

November has started very brightly for equity markets as trade deal hopes push indices higher in US and Europe. DE30 is up more than 1% on Monday and over 25% so far this year as investors hope that US will not introduce tariffs on imported cars. Traders are looking forward to the first speech of the new ECB president today (7:30pm GMT) and to more news on US-China phase1 trade deal. Technically, the next resistance for DE30 is 13200.

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