Market Currents
German factory orders unexpectedly fall 1.9% in January. Economists had forecast a gain of 0.6%....
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Thursday, March 7, 7:25 AM ETGerman factory orders unexpectedly fall 1.9% in January. Economists had forecast a gain of 0.6%. Factory orders for the EU as a whole slumped 4.1%. "The drop in orders ... signals that the manufacturing industry hasn't overcome its weak phase yet." The plunging yen and soaring euro (at least from Nov-Jan) certainly didn't help.
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