DAX And EUR: Implications For CEE

Our broad-based bullish view on European stocks (see December 23 in our online service 'Equity Markets Defy Reality') has been reinforced by a push higher in the German DAX equity index, which broke through resistance and a key psychological level of 6,000 on January 4. With the index's strong uptrend, in play since March, having been affirmed, we reiterate our 6,600 upside target.

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