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Overnight news headlines are mostly.....>

EGB SUMMARY
EGB SUMMARY: Overnight news headlines are mostly occupied by President Trump's
latest Press Conference outburst but such domestic missteps are having little
influence upon financial markets now that potential for a Trump fiscal stimulus
have long been priced out. 
- Bunds have started to weaken as European trade gets underway and already the
10-Year yield is 1.5bp higher at 0.447% with peripheral markets outperforming
and even showing some small yield declines.
- Italian debt has tightened 2bp to Germany on Wednesday.
- There is little news behind the move and trading is futures led and flow
driven.
- Volumes rose markedly as the Bund contract closes in upon 163.60. Technically,
first decent support is at 163.45. MNI technical analysts write "Bears look for
a close below 162.50 to end bullish hopes, initially targeting 161.37."
- The data calendar see Dutch and Italian Q2 GDP preceding the release of the
Eurozone GDP estimate at 1000BST. 

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