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DE30 close to highs despite weak data

9:33 AM 16 December 2019

European business surveys for December have disappointed investors both in Germany and France, showing a slowdown especially in manufacturing. The German PMI dipped to 43.4 from 44.1 points, pointing to very difficult conditions. DE30 seems to be ignoring this, staying close to 2019 highs as investors celebrate US-China trade deal. Markets still await similar data from the UK (9:30am GMT) and the US (2:45pm) to get a more complete picture of the global economy.

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