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Asian markets mixed on Wednesday, Japan closed for holiday

FXstreet.com (Barcelona) - Hong Kong’s Hang Seng (+0.83%) and Mainland China’s Shanghai Composite (+2.61%) have recovered losses made since the weekend trigger, the bailout to Cyprus, but South Korea’s Kospi (-0.97%) and India’s Bombay Sensitive (-0.47%) fell on Wednesday. Japan was closed for Vernal Equinox Day.

Futures for the German DAX 30 (+0.32%) and the French CAC 40 (+0.50%) are signaling a higher opening ahead of EMU current account and consumer confidence report. German PPI contracted -0.1% in February instead of improving +0.2% as expected. The annualized data eased from 1.7% to 1.2%, below the 1.5% consensus.

Forex: EUR/USD muted after German PPI

The shared currency posted no reaction after German producer Prices came in short of expectations on Wednesday, rising 1.2% over the last twelve months and contracting 0.1% MoM, vs. 1.5% and 0.2% expected, respectively...
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Forex: GBP/USD flat around 1.5100, UK Budget, BoE eyed

Big day for the sterling ahead as the BoE will release its minutes from the last meeting, with market participants focusing on the voting pattern in light of last week’s comments by Governor M.King...
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