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DAX making bullish flag, bulls come back ?

DAX was up on Thursday after testing the low level of 19410 in the last trading session as tracking a general cautious mood among its European peers, amid a busy day for corporate results. Deutsche Boerse declined 2% and shares of Deutsche Bank fell 1% even though Germany’s largest lender swung back into profit in Q3 after a loss in Q2. Adidas was also lower (-1.9%) after HSBC cut its shares to hold from buy. Merck (-1.4%) and Sartorius (-1.3%) also booked big losses. On the other hand, Mercedes-Benz (1.2%) and Infineon (2.2%) were in the green.