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3 Numbers: ECB on tenterhooks over Eurozone GDP
Friday’s calendar is quite heavy: in addition to Q4 GDP and monthly inflation data released for several European countries and US retail sales and consumer sentiment, Federal Reserve president William Dudley will be speaking and the European finance ministers meet. China’s Lunar New Year holiday is over after today, and the Chinese officials’ response to the market mayhem could prove interesting next week. In the current very bearish market environment, fundamentals don’t carry much weight anymore – it is all about flows, herding and guesswork about the eventual policy response from the central banks and ... (full story)