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By Chris Becker
Friday night saw two important economic releases surprise to the upside plus another Chinese surprise over the weekend. First, in Europe, the German CPI print for February ticked up which dragged the year-on-year up out of deflation at 0.1%, sending the DAX up nearly 0.9%:
Momentum is clearly accelerating here for the German market, but the technical pictures is different for the UK FTSE, which had a scratch day on Friday and is meeting resistance overhead on the dailies:
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