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The ECB sprang a surprise on markets yesterday, releasing the details of its policy review--see here--ahead of the planned announcement in September.
The Eurozone's external surplus rebounded at the start of Q2.
Manufacturing PMIs Could Edge Higher this Month
EZ Construction Flat-lined in Q4 and Q1, but Q2 Should b e Better
Don't put Much Stock in the March Bounce in the Manufacturing PMI
Covid-19 Hasn't Ended the Euro Glut; It Might Even have Boosted It
Further BoJ Retreat from Abenomics, but Not Tightening
PBoC Overshoot Roils Markets; The Bank will Seek to Pacify Investors
China plays a pivotal role in the global inflation outlook.
China's industrial profits data for October are a taste of what the silly season for economic data will look like for the first quarter of 2021.
The Bank of Japan yesterday left its -0.10% policy balance rate and ten-year yield target of "around zero" unchanged, as widely expected.
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