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Market Pulse: Punchy UK, German data lift markets off ropes

Friday, April 20, 2012 - 02:17

April 20 - Investors end a bruising week on a positive note following solid German Ifo and soaring UK retail sales. Spanish stocks lead the rebound, but volumes tell the real story.

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On JUK German economic -- up help markets and the volatile week on a more positive note this is today's market pulse. Germany's people index of businessmen almost slightly higher than expected indicating that Germany as as resilient as a -- to the eurozone crisis. Also UK retail sales and -- subs to the highest an idea up one point 8% on the month. This species equities higher up if they see you first outing and a third of 1% and -- -- -- 100 about what's up. Among the best performing markets today is Spain's index up about one point 5%. But that's not enough to -- on what has been another bruising week for spotting Stoxx index has done for the fifth consecutive week. Its longest weekly losing streak -- over four years. A look at daily trading volume is telling since the sell off picked up pace among the gold bullion has grown. This suggests that is real conviction on momentum behind the sailing today as an update and so far the shot -- is being done on pretty light volume. And it's been a record week for a short spelling volume spot by the surprised ton -- run from BUB policymakers -- aunts -- of item clothes and on Wednesday the volume of dissent but 2012 contracts changing hands this week. As a record high almost 400000 lawless. But this makes -- nude -- over the eurozone Tiffany particularly Spain is not -- they take in some major update done for you to Abdullah. It's that below one stepped in Monday was brief. And it's no backup and 152. Credit Suisse technical analyst David Snowden says the you know there's no other critical juncture. I think if you can hold 13215. Than the risk for you or go to states and Iowa. But I didn't do it's it's a very finely balanced and play them on -- terms of whether we -- -- you hope that resistance level. I am -- to get back ovals 13215 is a risk we go all the way back up to 133 AT. 13518. After -- is the key line in the sand I think when you -- that 133 AC 135 AT we will maintain important medium term negative view. For a -- -- are you gonna -- 135 AT I think we we would have to change that and the thought it sounded deeper recovery in the right. That's all from me for not able to join us every day this trying to take the pulse of the market. I'm -- to give up this -- --

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Market Pulse: Punchy UK, German data lift markets off ropes

Friday, April 20, 2012 - 02:17