Ian Reynolds
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Overnight
Markets are tense watching the US 10 year yield at 4.70%. US numbers were mixed ahead of the US holiday today and the fireworks of Nonfarm Payroll tomorrow.
In Europe more bad economic news from Germany as factory orders and retail sales plummet along with a recovery in PPI, following higher than expected CPI earlier in the week. The EU (like China) just can't catch a break currently and sentiment is super negative. Is it time to dust off the contrarian trade songsheet?
Germany Retail Sales November 2024
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