docket of European economic data

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The initial euphoria surrounding the formation of new governments in Italy and Greece has been short lived. Italian yields rose at an auction yesterday, showing that traders remain cautious about any near term solution to the regions’ debt crisis. In some better news, the annual inflation rate in the UK declined to stand at 5% in October, as against market expectation for a reading of 5.1%; however continuing to remain high compared to the Bank of England’s comfort level.

With a docket of European economic data in focus today, ensure that you talk to your dealer for further updates.

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