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http://www.scoop.co.nz/stories/BU1211/S00433.htm IG Markets - Afternoon Thoughts Monday, 12 November 2012, 6:09 pm Press Release: IG Markets IG Markets - Afternoon Thoughts FTSE 5761 -9 DAX 7167 +3 CAC 3427 +3 IBEX 7617 -20 DOW 12825 -10 NAS 2587 +3 S&P 1380 0 Oil 86.02 Gold 1735 Asian markets are mixed with China in focus on the back of some economic releases over the past few sessions. Leads from Friday’s US and European sessions were mostly negative although risk sentiment improved in US trade. US equities got a lift from another round of positive economic data, while Greece concerns weighed on European equities. Greece remains in a bad place at the moment, with some saying it could run out of funding within weeks. Apart from Europe, the rest of the world seems to be in a better place, with economic releases from the US and China showing strong signs of improvement. Consumer sentiment data in the US came in well above expectations and lifted risk assets in US trade. China data from the weekend showed a big jump in the trade surplus, with exports rising at the fastest pace in five months. Risk currencies have gained some ground in the Asian session with AUD/USD perhaps the biggest mover after trading back above 1.04. AUD/USD has printed a high of 1.0422 and will now be looking to hold above Saturday morning’s close at 1.0387. Should the positive momentum continue, traders will be eying near-term resistance at 1.044. The euro remains subdued with EUR/USD sidelined at 1.272 as Greece issues continue to cap gains ahead of the Eurogroup meeting. [....]

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