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In U.S. economic news, personal spending in December rose 0.4%, missing consensus estimates of 0.5% and below prior month’s 0.8% growth. Elsewhere, Eurozone producer price inflation increased 2.2% year-over-year for December, slowing from November’s 2.8% increase, and was lower than economists’ expectation of 2.3%. Finally, Australia’s producer prices rose 0.6% on-quarter in the fourth-quarter of 2017, higher than the 0.2% gain it witnessed in the prior-quarter.

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