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Weak PMI readings for Europe add to recession concerns

- Central banks continued to hike to address inflation (Philippines, Norway in session). Moves recirculate recession concerns and raise second thought

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Risk appetite continues to find tailwinds

-Risk appetite drives forward after Wall Street snap's seven week losing streak. Asia closed 0.5-2.25% higher, Europe starts roughly 0.5-1.0% higher a

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Some ECB members dial back aggressive rate hike expectations

- Central Bank continue to step up the fight against inflation (RBNZ again raised by 50bps). - Several ECB members (Rehn, Panetta) stressed that the p

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Euro area Apr PMI manufacturing stays in expansion territory

EU Mid-Market Update: Euro Area Apr PMI Manufacturing stays in expansion territory; focus on upcoming rate decisions during the week. Notes/Observatio

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Russia confirms gas flow halted to Poland due to payment issues

EU Mid-Market Update: Russia confirms gas flow halted to Poland due to payment issues; German GFK confidence at a record low. Notes/Observations - Ger

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