Cyprus slightly relaxed their capital controls yesterday

Market Review Cyprus slightly relaxed their capital controls yesterday as well as conclusion talks with the Troika about the specifics of the bailout deal that included a more relaxed deficit reduction schedule than had previously been indicated and this set a positive underlying sentiment in the European market particularly with equities and the main European broses posted in excess of 1% gains. However, any Euro strength was jumped on by the bears as lower than expected German inflation data

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