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An ugly home sales print (but record April home prices) combined with declining traffic and smaller spend data from Target threw some shade on the market early on but it was the FOMC Minutes that sparked the waterfall with their more hawkish comments. For any and all that say "yeah but they're stale, we had CPI and Retail Sales since", see the chart below ...
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After returning to growth at the start of the second quarter for the first time in almost a year, private sector business activity across France saw a fresh contraction in May. The decline was marginal overall, however, and considerably weaker than those seen on average between June 2023 and March this year. Positively, new orders expanded for the first ...
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