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Investors Book Profits

Sep ’12
10
European markets have opened lower this morning, as investors took advantage of last week’s impressive rally to cash in their gains, ahead of a week of decisive events in US, Netherland, Greece and Germany. However, losses were kept in check as soft US nonfarm payrolls and Chinese industrial output data fanned expectations of more easing action from central banks. Meanwhile, economists expect a marginal drop in the Eurozone Sentix Investor Confidence Index to -30.5 in September from -30.3 in August.

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