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Markets attempt to recover on stimulus hopes

10:08 AM 2 March 2020

Stock markets launched a new week significantly higher with DAX jumping back above the 12,000 pts handle. Recovery is being fuelled by hopes major central banks will decide on a coordinated action to calm the markets. However, gains have been partially erased since the European cash session launch.

DE30 launched the day lower but managed to surge towards the resistance zone at 12,200 pts. However, index started to erase gains after cash session open and is now trading near the 12,000 pts handle. Source: xStation5

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