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Germany's economy ministry: Business expectations point to continued weakness in manufacturing

Germany's economy ministry was out with some comments in the last hour saying that the state of the economy is mixed - the industrial sector is going through a weak phase but domestic impetus remains strong.

Key quotes:

   •  Order levels, business expectations point to continued weakness in manufacturing.
   •  Production in H1 2019 will be significantly weaker than in H1 2018.
   •  Indicators point to subdued exports in the coming months.
   •  Weak phase in manufacturing will be more than compensated for in other areas of the economy in Q1 2019.

Gold consolidates in a range just above $1290 level/weekly lows

• Renewed USD selling/weaker US bond yields lend some support on Friday. • A subdued action in equity markets does little to influence safe-haven dem
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US: Muted inflation is not just because of distortions – ABN AMRO

Bill Diviney, senior economist at ABN AMRO, points out that the US core inflation surprised to the downside in March at 0.1% mom, below their and cons
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