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ECB backs German bonds after biggest selloff this year

  Bloomberg After inflicting the biggest weekly decline in German 10-year government securities this year, bond bears may have reason to pause when the ECB provides its first analysis of the economic outlook since the U.K.’s shock Brexit vote. Investors’ urge to extend a selloff that pushed benchmark 10-year bund yields to the highest since June 24 may be muted ...

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Pound shows signs of calm as post-Brexit volatility fades

  Bloomberg A semblance of calm is returning to the pound. Sterling’s implied one-month volatility versus the dollar declined this week to the lowest since June 24, the day the results of Britain’s vote to leave the EU was announced. The difference with an equivalent gauge for three months was at one percentage point on Friday, having surged in June ...

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New gas pipeline to link Estonia, Finland granted funding

  Helsinki / AFP A sub-sea gas pipeline planned to link Finland and Estonia moved closer to reality on Friday as the European Commission promised to fund the project to ease the region’s dependence on Russian gas. “The allocated grants will cover, among others, the construction of the Balticconnector, the first bi-directional sub-sea gas pipeline between Estonia and Finland,” the EU ...

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