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New record lows for European sovereign yields

FXStreet (London) - European bond yields have sunk to new record lows this morning. French 10-year government bonds broke to new record lows this morning, hitting 1.100 percent before being bought back up to a still-low 1.118 percent.

Spanish yields broke to 1.9523 percent, after hitting 7.621 percent in July 2012. Yields have decline 2.18 percent year-to-date.

Italian 10-year yields have also broken to record lows, hitting 2.153 percent. Yields have declined from 7.261 percent in three years. Yields have declined 0.37 percent since October.

EUR/GBP rises above 100 DMA after German IFO data

The EUR/GBP pair rose above the 100-DMA level located at 0.7919, after the release of the upbeat German IFO data.
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Copper inventory rises, Nickel fell from six-week high

The daily inventory data released by the London Metal Exchange (LME) today showed a rise in the inventory levels of Copper and Nickel. Meanwhile, the inventory levels of Aluminium, Zinc, and Lead declined.
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