Macro Morning: The Dovening

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By Chris Becker

Last night ended with scratch results in most overseas bourses as mixed economic prints, a very dovish set of FOMC minutes and no clear outcome of the Greek debt crisis kept risk holstered.

Factory production in the US was weaker than expected as were housing starts which slid from its record high as the Fed considered risks were “balanced” – depends how you tilt that scale though, hey?

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