German banks are burdened with 853 billion euros in so-called toxic assets, according to estimates by Finance Minister Peer Steinbrueck, Frankfurter Allgemeine Zeitung reported today. Investor sentiment, as measured by the ZEW indicator, came out much better than expected at 13.0 (versus consensus expectations of 2.0), up sharply from last month (-3.5). Production prices fell by 0.7% in March from FeThe RIKSBANK cut its key interest rate by 50 bps to 0.50%.The Bank of Canada has cut its key overnight interest rate by 25 bps to 0.25%.The UK consumer price index came out in line with consensus, up 0.2% in March from February and up 2.9% year on year. The RPI weighed in at -0.4% from the same period last year (the first time the indicator has been negative since 1960), while March RPI-X came out 0.2% higher from February and is up 2.2% from 12 months ago.bruary and are down 0.5% from 12 months ago.
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