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Asian markets in "risk-off" on Tuesday

Japan's Nikkei Stock Average took profits (-0.28%) after a 8-day winning streak despite improving consumer confidence in February, from 43.3 to 44.3. Mainland China's Shanghai Composite (-1.03%), Hong Kong's Hang Seng (-0.43%) and South Korea's Kospi (-0.50%) also moved lower on Tuesday.

Futures for the German DAX (-0.28%) and the French CAC 40 (-0.32%) are signaling a lower opening after German prices data and ahead French current account. Germany WPI came in at 0.1% in February (MoM), below 0.3% consensus. CPI and HICP came in at 0.6% and 0.8%, respectively, as expected.

Germany: February Annual inflation at lowest level in over two years

According to data released today by Destatis, German annual inflation grew 1.5% in February, following a 1.7% increase in January. This result is in line with analysts' forecasts and it is the lowest level registered by the indicator since November 2010. On a monthly basis German CPI climbed 0.6% in February, after sliding 0.5% in January, as expected.
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Germany: Wholesale Price Index up 0.1% in February

The German Wholesale Price Index ticked up 0.1% in February, down from the 0.3% increase in January, Destatis reported on Tuesday. Analysts expected more growth of 0.3%.
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