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So more weak European data, with......>

EUROPEAN DATA: So more weak European data, with anecdotal evidence pointing to
French protests, Brexit, autos and tighter financial conditions weighing on
activity and confidence.
Highlights from the Eurozone PMI press release:
- New export orders saw the steepest ever decline (albeit the series has been
around only just over 4 years).
- Firms have eaten into backorders to support current activity with backlogs
falling for the first time in almost 4 years.
- Smallest monthly job gain for 2 years.
- Slowest service sector growth since Nov 2014.
- "The anecdotal evidence provided in the December survey saw growing concerns
over global trade and economic growth, rising political uncertainty, Brexit and
tighter financial conditions. Widespread reporting was again seen of especially
disappointing sales and production in the autos sector. "

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