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DAX Analysis: Index futures lower on China’s soft PMI print
Sentiment is a little lower thanks to another weak PMI print from China. Services PMI expanded at a slower rate of 53.9 compared with 57.1 previously and 56.2 expected. This could see a slight risk-off tone to the beginning of the session as traders catch up on news. But it also begs the question as to whether this simply more stimulus is coming, which could potentially help to support sentiment (and risk assets such as the DAX). European indices retraced for a second day during low-liquidity trade, which saw the STOXX 50 pull bac from its 16-year high set on Monday with a small bearish hammer candle. The FTSE 100 ... (full story)