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A glimmer of hope for Europe; more rhetoric ahead of trade talks

European markets reacted to better than expected PMI numbers on Friday, but as NAB’s Ray Attrill suggests, the numbers weren’t that great, and unlikely to change the recent dovish stance of the ECB. He also talks to Phil Dobbie about the rally in front end yields as expectations further heighten in the US, with one Fed member suggesting the need for a 50 basis point rate cut. And the rhetoric turns up a notch ahead of the Trump-Xi trade meeting at the G20 at the end of the week.

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