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Eurozone prices fall at record pace

Jan. 30, 2015 5:41 AM ETEWG, EWD, EWI, EWK, EWN, EWO, EWQ, EWL, EDEN, PLND, EPOL, GREK, EFNL, FSZ, FGM, DBGR, DXGE, PGAL, HEWG, QDEU, DAXBy: Yoel Minkoff, SA News Editor5 Comments
  • Heightening the risk of a slide toward deflation, Eurostat today reported the largest decline in consumer prices in the eurozone since July 2009.
  • Consumer prices were 0.6% lower than in January 2014, having fallen 0.2% on an annual basis in December.
  • The plunge in consumer prices is unlikely to have an immediate effect on the ECB's €60B/month QE package, although the longer prices stay in negative territory, the more pressure the central bank will have to extend the program.
  • FTSE 100 -0.6%; DAX -0.5%; CAC 40 -0.7%; Euro Stoxx 50 -0.5%.
  • ETFs: EWG, GREK, EWI, EWL, EWD, EWQ, EPOL, PLND, EWO, EWN, EWK, EDEN, PGAL, DBGR, DAX, DXGE, EFNL, FGM, FSZ, QDEU, HEWG

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