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The market is obviously much more.....>

EUROZONE DATA
EUROZONE DATA: The market is obviously much more focused on the coronavirus
outbreak and will probably not react too much to economic data today. However,
it is worth keeping an eye on French CPI and German regional CPIs this morning.
There has been increasing speculation that with the coronavirus spreading, the
bar for the ECB to act has been lowered, particularly as it's not looking as
though growth will rebound as much as previously hoped. Will today's CPI prints
materially matter in the minds of ECB policymakers? Probably not hugely, but if
we see prints on the soft side today it may make the justification for further
easing more palatable for some.

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