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Flash: Australian Capex pullback in Q1 and outlook remains clouded - Nomura

Nomura economists Charles St-Arnaud and Martin Whetton note that actual capex in volume terms fell 4.7% QoQ in Q1 2013, the biggest quarterly decline since Q3 2009.
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Italy 5-y Bond Auction improves to 3.01% vs 2.84%

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