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The AEX is in the plus mid-afternoon, with the chip funds as the main drivers. ASMI, Besi and ASML are among the strongest risers, while UMG and ABN Amro are also gaining ground. The sentiment is drawing support from Wall Street, where futures suggest the Nasdaq and possibly the Dow Jones will open higher. Later in the day, investors are looking forward to the first appearance of new Fed Chairman Kevin Warsh, who should provide more clarity on US interest rate policy.

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