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DAX index
The DAX index rallied by almost 2% today as the market continued to react to the ECB interest rate decision. In this, the bank left interest rates unchanged and decided to add €600 billion into its original €750 billion program. This stimulus, together with the Merkel-led fiscal stimulus will help German stocks in the near term.
ASX 200
The ASX 200 made a major milestone today. The index moved above the important psychological level of $6,000 as investors reacted to the positive emergence of the economy. By gaining about 40 basis points, the index outperformed its New Zealand counterpart. Shares in the big four banks rose sharply after UBS issues an upgrade on two.