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LME Inventory Update

FXStreet (Mumbai) - The warehouse stocks data released daily by the London Metal Exchange (LME) showed a drop in the inventory levels of most base metals viz. Zinc, Lead and Aluminium. While Copper and Nickel inventories witnessed a built-up.

Copper stocks increased by 950 tonnes. While Nickel stocks added 846 tonnes. On the contrary, Aluminium inventories subtracted 7925 tonnes. Stock levels of lead and zinc deducted 3900 tonnes and 2600 tonnes respectively.

DAX rebounds on IFO

Germany’s benchmark index, the DAX opened with moderate gains and subsequently jumped over 1%, after Germany's Ifo index for April boosted investors’ sentiments, while Greece was closely watched by markets.
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EUR/USD deflating from highs

The European currency is now shedding part of earlier gains, sending EUR/USD back to the 1.0865/60 band...
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