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In U.S. economic news, Philadelphia Fed Index for January read at 22.2, below the upwardly-revised prior-month’s reading of 27.9, and short of consensus estimates of 24.5. Elsewhere, Eurozone inflation slowed to 1.4% in December following November’s 1.5% record, and is in-line with economists’ estimates. Meanwhile, the gross domestic product for China during 2017 expanded for the first time in seven years, as the year-end figure reported by the National Bureau of Statistics came in at 6.9%.

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