DAX Set for Correction After Impressive Recovery

remains around 10% in Europe and Forex MT4 Download Official Official Websitevery high in other parts of the world means central banks will have to continue to tighten their belts, which should hurt demand further.

we saw last week may yet encourage the Fed to continue tightening so that it climbs above 5% before the cycle is paused. This is an additional risk facing equity markets, especially those that pay low or no dividends.

was revised slightly higher, and German industrial production fell less than feared. A day before, we saw advance 0.8% in October, well above an anticipated rise of 0.1%. German Economy Minister Robert Habeck noted that:

, for example, we have seen the breakdown of a short-term bullish trend and support around 14400. While still inside the recent consolidation, this may encourage the bears to come out of hibernation now.

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