EUROSTOXX 50 (Dec 12) INTRADAY Review Wednesday’s broad-based sell-off in risk markets was followed by a downbeat, albeit more lacklustre session yesterday. The Eurostoxx finished the day with a loss of 1% amidst the lack of new developments on the European front. Our yesterday’s strategy neutral entry short at 2,508 was not reached. Strategy Overnight, Chinese data showed that CPI declined from 1.9% to 1.7% Y/Y and that PPI improved from –3.6% to –2.8%. Chinese Industrial Production Y/Y
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The EUR/USD failed to get above 1.2780 in yesterday’s