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Dax pushes through 12,000 — #SaxoStrats
Dax pushes through 12,000 for the first time since April 2015. The price momentum is supported by a strong Eurocoin growth indicator, PMI figures and Ifo survey data, Saxo Bank’s head of equity strategy Peter Garnry explains.
European equities are trading at a 20% discount compared to the US, and therefore Garnry is looking at European equities and moves to a neutral stand on US equities.
We like mining, European financials, industrials and IT stocks, Garnry concludes.
01:22 minutes
Tags: dax, dax trading, equities trading, eurocoin growth indcator, european equities, financials, ifo, ifo survey, industrials, information technolgy, it stocks, mining, pmi, saxostrats, us equities
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