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Switzerland: UBS Consumption Indicator rises slightly in March

FXstreet.com (Barcelona) - The Swiss UBS Consumption Indicator grew to 1.25 in March, following 1.24 in February, according to data released today by the UBS.

According to the official release: "Positive signs in the demand for hotel accommodations among Swiss residents offset a decline in new car registrations and a poorer business climate in retail trade.”

Switzerland: Mar UBS Consumption Indicator increases to 1.25 vs 1.24 in Feb

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Asian markets rise after Wall Street earnings

Earnings season in the US, with Apple announcing its report after the NY close, is also affecting Asia and its equity indexes. Mainland China’s Shanghai Composite (+1.13%), Hong Kong’s Hang Seng (+1.49%), Japan’s Nikkei Stock Average (+2.06%) and South Korea’s Kospi (+0.82%) closed higher on Wednesday, and are now passing the torch to Europe. Futures for the German DAX 30 (+0.04%) and the French CAC 40 (+0.19%) are signaling a higher opening. Ahead on the economic calendar is German IFO survey for April, coupled with Spain PPI and Italy Retail Sales.
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