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Risk aversion sentiment continues to simmer ahead of next week s Fed meeting

UK economic data highlighted that coronavirus continued to weigh on the economy

Computacenter [CCC.UK] +3% (prelim earnings), Kainos Group [KNOS.UK] +19% (trading update), Cineworld [CINE.UK] -4% (New James Bond film postponed) - Speakers - Italy PM Conte said to be considering the possibility of elections if he was unable to reassemble a workable majority in parliament - - ECB Survey of Professional Forecasters (SPF)cut its 2021 GDP growth from 5.7% to 4.4% ( Note: ECB Dec Staff Forecast is 3.9%) while raising the 2022 GDP growth from 2.4% to 3.7%. It cut 2021 HICP (EU Harmonized CPI) from 1.0% to 0.9% while maintaining 2022 HICP (EU Harmonized CPI) at 1.3% - Japan Cabinet Office (Govt) Jan Economic Report maintained overall economic assessment that the domestic economy remained in a severe situation despite signs of improvement. Raised its view on capex and housing while cutting view on private consumption and business conditions

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