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OECD:Infl Expectations Edging Up;Mon Pol Must Be Ready To Act

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PARIS (MNI) - The acceleration of inflation in most developed countries and the gradual rise in inflation expectations oblige monetary authorities in some countries to take measures to anchor expectations, the chief economist of the OECD said Tuesday. Apart from ...

Analysis: Eurozone Retail Sales Unexpectedly Dip In February

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Real, seasonally and workday-adjusted retail sales: February: -0.1% m/m, +0.1% y/y MNI survey median: flat m/m, +0.6% yoy MNI survey range: -0.3% to +0.3% m/m January: +0.2% m/m (revised from +0.4%) December: -0.3% m/m (revised from -0.4%) November: flat m/m (revised from -0.1%) October: flat m/m (unrevised) -- FRANKFURT ...

EMU DATA: Retail sales in the Eurozone unexpectedly..

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EMU DATA: Retail sales in the Eurozone unexpectedly declined in February, slipping 0.1% on the month, resulting in an annual increase of 0.1%, Eurostat reported on Tuesday. -- EMU February retail sales m/m below MNI median fcast (unch) -- EMU January retail sales rev +0.2% m/m (+0.4%) -- EMU January+February ...

UK Mar Services Growth Surges To Highest For 13 Months

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--UK Mar CIPS Services PMI 57.1 Vs 52.6 In Feb - Markit/Reuters LONDON (MNI) - UK service sector growth picked up sharply in March, rising to its highest level for 13 months, according to the Purchasing Managers Index from Markit. ...

Update: UK Mar Services Growth Surges To Highest For 13 Months

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--UK Mar CIPS Services PMI 57.1 Vs 52.6 In Feb - Markit/Reuters --Daiwa's UK Economist Urges Caution, Noting Weakness In Retail LONDON (MNI) - UK service sector growth picked up sharply in March, rising to its highest level for 13 months, according to the Purchasing ...

Sovereign buyer turns up in EUR/GBP

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In recent trade. Would take a brave man to bet heavily they can turn the tide as sterling sees good strength post services PMI data. Will be interesting to see though. We sit at session low .8729 as I type.

MNI Survey: Japan Feb Current Account Surplus Seen +7.3% Y/Y

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-- See Separate Table For Details Of Individual Forecasts TOKYO (MNI) - Japan is expected to have posted a current account surplus of Y1.709 trillion in February, ...

UK DATA: UK PMI CIPS services 57.1 in Mar vs 52.6 in.

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UK DATA: UK PMI CIPS services 57.1 in Mar vs 52.6 in Feb -- Reuters

UK March services PMI 57.1

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Way stronger than median forecast of 52.5. So the talk was true!!! Highest read since February 2010. Aforementioned buy stops in 1.6175/80 area have been taken out in unceremonious fashion. We're over 1.6200, presently at 1.6210.

Germany Seeks Bids For E5 Bn Top-Up Of 1.5% 2Y Schatz Apr 6

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FRANKFURT (MNI) - The German federal government is seeking bids for the E5 billion top-up of its 1.5%-coupon, two-year notes with a March 2013 maturity, the Bundesbank announced Tuesday. Bids are due by 900 GMT on Wednesday, with results of ...

Bank of Spain governor: Central bank studying recapitalisation plans of 13 banks

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FROB funds temporary help, not nationalisation 2011 will be a difficult year Will keep obliging banks to provision against bad debts Forecasts point to stronger economic recovery in H2 2012 Essential to keep up with ambitious pace of reforms International investors' perception of Spain's banks has changed Reform work has helped narrow benchmark bond spread to ...

EUROZONE DATA: European final Mar services PMI 57.2..

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EUROZONE DATA: European final Mar services PMI 57.2 vs 56.9 flash; 56.8 in Feb -- Final Mar composite PMI 57.6 vs 57.5 flash; 58.2 in Feb: Reuters

Germany: Bruederle Doesn’t Want To Resign As Econ Minister

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BERLIN (MNI) - German Economics Minister Rainer Bruederle wants to hold on to his job regardless of the outcome of the power struggle in his Free Democratic Party (FDP), he told German daily Rheinische Post in an interview published Tuesday. ...