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technical analysis

The US markets were closed on Thursday on account of the Thanksgiving holiday. Investors were cautious amid the lack of any major fundamentals during the day. Doubts on the US and China trade deal still remain. This comes as the Washington administration passed a bill in support of the Hong Kong protests. Chinese authorities are reportedly not happy with the US decision. Investors fear that this could spill over into the trade talks.

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German Consumer Prices Fall More than Expected

The monthly consumer price index data for Germany showed that inflation was weaker in November. Headline CPI for Germany was down 0.8% on the month in November. This was more than the forecasts of a 0.5% decline estimates given by economists. On a year over year basis, German CPI is up 1.1% however but below the median estimates of a 1.3% increase. Lower energy prices were attributed to the weakness in the headline inflation.


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