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Eurozone: Recovery is getting stronger and broader - BNPP

Eurozone’s recovery is getting stronger and broader as the dispersion of economic performances among member states is receding, according to analysts at BNP Paribas.

Key Quotes

“Despite the cyclical recovery, core inflation still shows no sign of a convincing upward trend. For the recovery to enter its inflationary phase the economy has to improve further, until the point at which wages will tend to increase. The ECB is expected to remain cautious. Possible extension of APP after Sept. no rates hike before mid-2019.”

WTI consolidates the rally near $ 70.50 amid Venezuela, Iran worries

Bulls take a breather after a rally to $ 70.64, multi-year tops. Eyes on the impending US decision on Iran sanctions. WTI (oil futures on NYMEX
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BOC’s Lane: Growing economies will have to cope with stimulus rollback

The Bank of Canada (BOC) Deputy Governor Timothy Lane was on the wires earlier today, via Reuters, making a scheduled speech at the Horasis conference
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