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The recent economic data showed good news for Eurozone. According to the European Commission in Brussels, an index of executive and consumer sentiment in the region rose to 106.3 from 104.9 last month.

Eurozone economic confidence rose to a 10-month high this month after French growth rebounded and Spain powered ahead. Good news also from Germany. Inflation in Germany rose to its highest level in two years in October, in the latest sign of strength in Europe's largest economy. Prices rose 0.7% Y/Y in October. This has been the fastest rate of increase since October 2014.

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