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Markets

Dismal Turnout from Euro Zone Flash Data

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This morning's string of reports from France, Germany and the broader euro zone disappointed many investors seeking an excuse to turn towards riskier assets. The climactic week we've seen left many wanting more information on what direction markets will turn and were expecting today's flash manufacturing and service numbers to fill in some gaps.

Most of the day's reports were slightly below forecasts, suggesting what traders already knew: manufacturing is in decline this quarter. But the fall in services output from all but Germany gave cause for concern. Traders are beginning to see some downward movement in the riskier assets as a result of this morning's news. One can only wonder when the recovery will be solid enough to warrant a return to normal market conditions.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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