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Risk Off Tone due to Weak EZ Data and MIxed US Outlook

Financial markets were in a risk-off mode on Thursday as driven by weak Eurozone PMI, mixed US data and mixed comments from Fed officials concerning further monetary easing. Wall Street retreated steadily with the DJIA and the S&P 500 Indices losing -0.88% and -0.81% respectively. In the commodity sector, crude oil prices reversed gains after initially climbing higher.

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Risk Off Tone due to Weak EZ Data and MIxed US Outlook

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