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| Both China and Japan back above water - Europe disappointed, but follows Asia later. France in stagnation, and will not follow Asia. |
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| The rift between France and Germany is growing again. |
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| First reaction negative, but that has changed already. |
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| AUDJPY tells risk appetite is good, so DAX breakout higher comes sooner or later. |
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| EURUSD uptrend reversal, now bouncing in a range |
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| German sentiment hits six-month lows. Note that expectations have been hurt more than the current situation, so no real damage yet. Up next positive expectations and moderate current conditions? |
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| Industrial production and Ifo go hand in hand. First quarter's weakness will hurt production growth for some time now. But future will be better, if things go as I said above. |
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| Construction going through a seasonal soft patch, and manufacturing weak due to Asia and US. Both of these two will change soon. |