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Interestingly we are getting..........>

EUROPEAN DATA
EUROPEAN DATA: Interestingly we are getting conflicting views from clients on
whether the PMIs are strong enough to confirm a more significant FI sell-off or
not.
- Some looking for retracement with the details still looking disappointing.
Others are seeing confirmation that things haven't got worse so see this as an
opportunity to sell.
- This means there will be increased focus on the pan-Eurozone number coming up
in just over 10 mins.

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