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European equities recover Tuesday

FXstreet.com (Barcelona) - The European markets recovered and pared yesterday’s losses in what has turned out to be a subdued session. Despite the release of uneven European PPI data earlier today, markets have been devoid of any major catalysts.

Briefing the indices and composites, the EURO STOXX 50 rose +0.63% as it settles in region of 2765.03, up +17.28 points in these moments. In addition, the FTSE 100 moved higher Tuesday, operating at 6570.15 ascending +45.03 points or +0.69% at the time of writing. Finally, the DAX has strengthened recently as well, trading in the zone of 8323.27 presently +0.45% after a movement of +37.47 points.

Moving to commodities the prices of gold and silver are trading near session lows, and more specifically at USD $1401.12 and $22.54 per oz. respectively. In addition, the price of crude is operating at USD $92.98/bbl Tuesday.

IMF cuts German growth forecasts

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USD/CAD trims Monday’s losses above 1.0300

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