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China's CPI increased by 1.5%, PPI continues to fall

China's consumer inflation picked up slightly in November but remained well under the government's 2015 price target of 3% raising concerns that the world's no. 2 economy could be sucked into a Japan-style deflationary trap. The data has increased calls from some economists for more stimulus and interest rate cuts to spur growth and prices, even though the November consumer price index (CPI) surprised on the upside, rising 1.5% on-year from 1.3% in October. Economists had expected a 1.4% rise.
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Eurozone CPI at 0.1%

Euro area annual inflation is expected to be 0.1% in November 2015, stable compared with October 2015, according to a flash estimate from Eurostat. Analysts were anticipating increase to 0.2%.
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Euro area inflation up by 0.1%

Euro area annual inflation was 0.1% in October 2015, up from -0.1% in September. This was also up from prelim reading that showed no change. In October 2014 the rate was 0.4%. European Union annual inflation was 0.0% in October 2015, up from -0.1% in September. A year earlier the rate was 0.5%. 
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Sterling little changed in a quiet morning trade

Sterling was little changed in the morning part of the session as there were no major data releases from the UK, however remains high after this week's UK CPI and job data. Interpreting the figures in light of the overall UK economy a short time ago, John Hawksworth of leading Chartered Accountants and Business Analysts PwC noted that, ‘we'll probably see some slowdown in overall GDP growth in the third quarter, reflecting more uncertain global conditions, but the health of the jobs market continues to underpin the domestic economic recovery.’
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