The awaited G7 conference call, featuring finance minister and central bankers, did not turn out to be a market mover as it lacked essence. The Group said in a statement that it stays committed to act in case the situation requires it and that central banks will continue to follow their mandate. In summary there was nothing new to surprise the markets. Indices made a pullback on the release as there were hopes for more decisive statement
DE30 slipped after the G7 statement was released. The index is pulling back from the topside resistance of recent trading range at 12200 pts. Source: xStation5
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