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Poor Flash PMI from Japan and Eurozone

From marctomarket.com

Bonds and stocks are higher today, and the dollar is mixed. A weak PMI reading seemed to weigh on the euro, but the market shrugged the weak Australian PMI off and the Australian dollar is the G10 currencies while the euro is among the weakest. Yesterday, the North American session showed an appetite for foreign currencies and with some of their intraday momentum stretched to the downside, the stage is set for a possible repeat today. The MSCI Asia Pacific Index snapped a four-day drop today as the largest markets in the region, but Hong Kong and India rose. Europe's Stoxx 600 is trying to end its five-day slide, but ... (full story)

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  • Category: Fundamental Analysis