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European markets mixed on Wednesday, UK equities rise on BoE minutes

The German DAX 30 (+0.07%) is up after the release of German January CPI and HICP, that dropped to +1.7% and +1.9% (YoY) in line with consensus. January PPI rose from 1.5% to 1.7% (YoY), instead of easing to 1.2%, as data rose +0.8% on the month (consensus of +0.3%).

The French CAC 40 (-0.23%) eases despite better French business climate, from 87 (revised from 86) to 90 in February. French CPI data (EU normalized) fell -0.6% (MoM) to an annualized drop from 1.5% to 1.4%, both figures below consensus.

The Italian FTSE MIB (-0.27%) eases on plunging Industrial Orders (from -6.7% to -15.3%) in December (YoY), and Industrial Sales (from -5.4% to -6.3%)

The British FTSE 100 (+0.28%) is rising today on the BoE meeting minutes. Governor Mervyn King's wishes of more QE at the last MPC meeting were defeated in a 6-3 vote to keep things as they are.

Futures for the American S&P 500, Nasdaq 100 and Dow Jones are signaling a slightly lower opening ahead of the NY session and US PPI data.

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Today's decline of the British Pound, driven by technical arguments but also after BoE's meeting minutes revealing Governor King's wishes of additional QE, wasn't held by the 1.5300 mark and went to as low as 1.5283, for now. The market is trying to return to the handle.
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