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Daily Insights 

May 22, 2015

China equities at seven-year high

  • European equities are broadly weaker following the lack of progress on Greek debt negotiations at the leaders’ summit in Riga.  Attention now turns to the Greek PM meeting with EU president Juncker later today. The German IFO Business climate survey fell less than expected as the current assessment improved enough to offset a slight weakening in the future expectations component. ECB’s Draghi said in a speech today that the economic outlook for euro area is brighter than it has been in seven years. UK PSNB was better than expected in April.
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