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The European Commission warned Italy today

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European shares traded little changed today, ignoring weaker than expected economic data from China. US Equities opened slightly stronger as retail sales failed to inspire, while jobless claims dropped slightly lower. German Chancellor Merkel warned today that Russia risks massive political and economic damage if it refused to change course on Ukraine and added that Western leaders were united in their readiness to impose sanctions on Russia if needed. Ireland’s economic growth contracted by a Reported by FXstreet.com 11 hours ago.

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