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German November Investor Sentiment May Stay Near Record Low
German investor confidence probably stayed near a record low in November after the financial crisis pushed Europe's largest economy to the brink of a recession, a survey of economists shows.
13
USD Retraces Initial Gains Against Euro on Weak Retail Sales
After dropping to session lows on a weaker-than-expected retail sales report out of the United States, the EUR/USD has partially pared its losses on Friday morning. 13
German CPI Preliminary Estimates Confirmed for October
As expected, the German consumer price index contracted 0.2% in October, in line with preliminary estimates and following the previous month's 0.1% decline, the Federal Statistical Office (Destatis) said on Friday. 13
Finnish Inflation Slows to 4.4% Due to Falling Oil Prices
Finnish inflation slowed to 4.4% in the 12 months to October, down from September's annualized rate of 4.7%, but up from expectations of a 4.3% print, Statistics Finland said on Friday. 13
French GDP Rises 0.1% in Q3, Avoids Technical Recession
The French economy has so far avoided a recession with GDP growing 0.14% in Q3 on a quarterly basis. Economists had expected a decline in GDP of 0.1% following Q2's 0.3% fall. 13
Italy's Economy Contracts 0.5% in Q3
With GDP falling 0.5% in the third quarter of 2008 following a 0.4% decline in the previous quarter, Italy is officially in its fourth recession in seven years, according to preliminary estimates from the National Institute of Statistics (ISTAT). 13
EU Probably in First Recession in 15 Years on Credit Crisis
Europe's economy probably fell into its first recession in 15 years in the third quarter, paving the way for deeper cuts to interest rates and taxes amid the worst financial crisis since the Great Depression. 12
ECB's Orphanides Expects Pessimistic Staff Projections
European Central Bank Governing Council member Athanasios Orphanides is expecting the central bank's staff projections, scheduled for release at the ECB's next rate decision meeting in December, to reflect "much more pessimism". 
