DAX making a bullish Flag
DAX was up on Thursday after testing the low level of 20304 in the last trading session as The DAX gained traction and closed higher on Wednesday afternoon to close 0.4% higher at 20,415, after inflation in the US came in line with expectations, reinforcing bets the Fed will deliver another 25bps rate cut next week. In addition, traders await the ECB monetary policy decision tomorrow, expecting a fourth rate cut and clues on next year’s rate policy. Meanwhile, a batch of corporate updates prevented further gains.
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