In my more youthful days at School I was often criticised for doing the very minimum amount of work to get by but there is no better way to describe this morning’s events within European Equities than ‘Please see yesterday’s Snapshot for details.’ Tight ranges, grinding higher, no volume, lack of conviction, not much dispersion and all in all everyone was waiting for the CPI - It was a print worth waiting for judged by the market reaction. Headline CPI was down to 3.2% in October (cons 3.3%) d…
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