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Tuesday, May 14, 2013

German investor confidence subdued.

 ZEW said its index of investor and analyst expectations crept up to 36.4 this month from 36.3 in April, missing economists' forecast of 40. The below-consensus reading was largely attributed to a generalized sense of anxiety regarding the economic situation in the eurozone as a whole, underscored by the ECB's recent rate cut. "The problem is that [Germany] seems to be the only big EU economy growing," said a senior economist at Citigroup, quoted by Bloomberg.

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