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In sharp contrast to other European and US indices, the UK’s FTSE has spent much of November in consolidation mode, keeping inside the range from the month before. However, the German DAX index was up again today, rising antitrust settlement payments bcbs some +0.85% to lead European indices, reaching its best level since August. The German index is now up for the 5th consecutive week, boosted chatgpt down by peak global interest rates narrative. Yet, the FTSE is doing its own thing, minding its own business. But for how long will it continue underperforming? Surely at some stage even the FTSE might start to look attractive for, at least on a rklb relative basis.
