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Market Update: European Stocks Tread Water, DAX Underperforms
Frankfurts DAX eased further from its record peak on Thursday, after recent data showed Germans consumer morale improved much less than what markets were expecting in June. Other major European bourses traded along the flatline, following muted sentiment elsewhere as investors are taking a wait-and-see approach ahead of the US jobless claims report. Elsewhere, industrial profits in China grew at a slower pace in April pressured mainly by high commodity prices. [/s2If]
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