European equity edges lower ahead data from the U.K.

Source: Bloomberg
The Stoxx Europe Index was lower by 0.1% to 294.33 points in the very beginning of trading session in London on Tuesday. European markets were waiting for a manufacturing output data form the U.K., which according to analysts should be unchanged in January, after increasing 1.6% in December. The data will be announced at 9.30 a.m. London time.
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Tue, 12 Mar 2013 11:57:44 GMT

British manufacturing production contracted in January at the highest level since June 2012

British manufacturing production contracted in January at the highest level since June 2012, raising awareness that the economic crisis will be back if activity will continue to shrink in current quarter. Manufacturing output fell 1.5% in January in comparison with December. The industrial production, that includes mining and quarrying, electricity, gas and water supply, dropped 1.2% from December. "With the February

Wed, 13 Mar 2013 14:07:46 GMT

AUD/USD retests the 20-day SMA

During Friday's trading session the pair sharply dropped to the weekly PP level at 1.0209, but today the pair has already regained its position and even surged above the 20-day SMA, which is currently located at 1.0257.

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