3rd May 2011
What Did Happen?
Initially equity markets moved higher represented perhaps best by the German Dax index which shot up to 7600 – which was significant on top of a recent good run- but then the rally fizzled out and the Dax closed at 7526. Indeed this morning it has fallen to 7487 so the idea of a sustained rally has now gone although as time goes by more and more other events influence markets and the picture becomes muddier.
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