French Economic Contraction Eases Further In June

France's economic contraction moderated for a fourth consecutive month in June as a smaller decline in manufacturing activity outweighed a sharper-than-expected contraction in services, data showed Tuesday.
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DATA SNAP: French Jun Business Sentiment 75 Vs 73 In May

French business sentiment improved in June, as business leaders were slightly more optimistic about both past and future production, data showed Tuesday.
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USD/JPY: Dollar drops to 95.10 support

The Dollar has weakened further during Monday's Asian session and, decline from 97.20 Friday's high has extended to levels below 95.00, as the Dollar reached 94.99 low to bounce to 95.30 at the moment of trading.
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UPDATE: French May Consumer Spending Falls More Than Expected

French consumer spending on manufactured goods fell more than forecast in May, data showed Tuesday, indicating that the main growth engine of the euro zone's second-largest economy may be running out of steam.
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The ECB aims to keep medium-term inflationary expectations just below 2%

European Central Bank President Jean-Claude Trichet said Monday that the ECB will maintain healthy medium-term inflationary expectations despite the current strong fall in consumer prices in the deepening economic recession.
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EU Almunia:Govts Should Start Plans To Unwind Fiscal Stimulus

Governments should start planning to unwind their economic stimulus packages, European Commissioner for Economic and Monetary Affairs Joaquin Almunia said Monday, according to a press release from the Organization for Economic Cooperation and Development.
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Foreign investors biught $9.05B in canadian securities; USD/CAD, at 1-month high

Foreign investors have bought a net C$ 9.05 billion worth of Canadian securities in April, up from C$ 7.192 billion in March, the largest investment in Canadian securities of the latest three months.
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UPDATE: Sweden Sees Economic Stabilization Signs

Swedish companies see stabilization signs but register considerable anxiety about potential economic setbacks, a Swedish central bank survey showed Monday.
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