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German DAX at Year-High; RBNZ Rate Cut Fully Priced in

European shares rallied on strong earnings results in a number of Germany firms. The Stoxx600 index soared +0.8%, settling at the highest level since June 23. Companies such as Munich Re and Daimler helped send Germany’s DAX to the highest level this year. At 981.6, DAX has rallied +22% from its February low.

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German DAX at Year-High; RBNZ Rate Cut Fully Priced in

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