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US: EIA Natural Gas Storage down -127B in Feb-15 week

Having fallen -157B in the prior week, natural gas storage dropped -127B more in the week ending at February 15. Analysts were pointing to -119B.

US Feb 15 EIA Natural Gas Storage change increase to -127B vs -157B

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Forex Flash: Eurozone contraction expected in 2013 – Goldman Sachs

For the Euro area as a whole, we expect a continued contraction, by -0.4% in 2013, before a return to positive growth of 0.9% in 2014. Our baseline is still that the Euro area will ‘muddle through’ but remain intact, predicts the Economics Research Team at Goldman Sachs. “Cross-country divergence remains a key theme in this baseline scenario, however, with economic weakness especially pronounced in Spain and Italy. Meanwhile, we see growth decelerating only marginally in Germany in 2013, and forecast some overheating in the subsequent years.”
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