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Thursday, December 6, 2012

German factory orders trounce estimates.

The calender says December, but Europe will take good economic news where it can find it: German factory orders rose 3.9% in October, far ahead of forecasts for a 1% increase, and the biggest jump in nearly two years. At least part of the gain was probably the result of a punk September, for which orders were revised to -3.3% from the initial report of -2.4%.

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