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Euro unemployment data big dampener: Mark Priest of ETX Capital

PUBLISHED ON: June 3, 2013 | Duration: 5 min, 11 sec

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Mark Priest, senior trader with ETX Capital, says that labour market woes in the euro area have shown no signs of abating with the unemployment rate climbing to a new record high in April. Purchasing power has been held down by muted wage growth and fiscal squeezes, says Mr Priest. However, a low inflation level provides some scope for consumers to cheer up, he adds.
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