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German Prices in Minor Contraction

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Preliminary data out of Germany this morning showed a possible contraction in consumer prices as they are measured by the Consumer Price Index ( CPI ). Expectations were not terribly high to begin with for this reading, but a turnout of negative 0.1% may push traders out of the risk-taking sentiment they had adopted last Friday.

The last time German prices turned bearish was in late-January 2011 amid a broad spike in EUR values. Fundamentals out of the euro zone have painted a rather ominous picture, though the EUR did see an upswing last Friday and this morning. Will this data offset those gains?

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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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