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Forex Flash: SEK inflationary pressures eased more than expected in April – TD Securities

FXstreet.com (London) - The research team at TD Securities have explained that SEK Inflationary pressures eased more than expected in April, with headline CPI at –0.5% Y/Y (mkt –0.2%) and CPIF at +0.5% Y/Y (mkt 0.8%).

They say that While some of the downward pressure came from the same drop in holiday packages that helped to depress Eurozone CPI, we also saw lower prices for clothing, electricity, transport services, and furnishings, so the weakness was widespread enough to get markets thinking a little bit harder about the possibility of a rate cut from the Riksbank

European equity markets falter Tuesday amidst weak German ZEW

The European stock markets have continued their retreat lower Tuesday on the heels of lackluster data out Germany and a general permeation of risk aversion hitting the markets. In Germany, the ZEW Survey – Economic Sentiment (May) came in at 36.4, against expectations of 38.3. In addition, the ZEW Survey – Current Situation reported 8.9 in May, vs. a projected 10.0.
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Australian government sees AUD19.4 billion deficit in 2012/13

The Australian government released it annal federal budget today, in which it presents the economic plan for the coming year.
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