3 numbers to watch: Eurozone confidence, US initial claims, US pending home sales

With the FOMC meeting and Bernanke press conference out of the way, which saw the FOMC reduce its unemployment rate forecast for 2012 to 7.8-8%, (see John Hardy's take on the FOMC here) we turn to the weekly jobs situation in the US, which seems to have deteriorated a bit recently. We also get... FF News: Fundamental

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Double dip has arrived – and Osborne is running out of escape routes

The UK economy contracted by 0.2 per cent in the first three months of the year, following a 0.3 per cent contraction in the final quarter of 2011, reported the Office for National Statistics. Two consecutive quarters of falling output meets the definition of a recession. Lingering hopes that Bri... FF News: Fundamental

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