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Czech President Advocates for Stepping Towards Euro Adoption in Landmark Speech

In a significant shift in domestic policy discourse, Czech President Petr Pavel has urged his nation to fulfill its long-standing commitment to adopt the euro. In a rousing New Year's address, Pavel called on the country to begin taking "concrete steps" toward integrating the single European currency, a move that symbolizes the Czech Republic's deeper… ....

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Main Dish Will Be December Payrolls and Services ISM

The main dish will be served at the start of US dealings with December payrolls and services ISM. Yesterday’s consensus-beating labour market data extended the bond sell-off which started in Europe. US yields closed 5.4 bps (2-yr) to 8.3 bps (10-yr) higher. The US 10-yr yield regained the psychologic 4% mark and similarly tries to escape the downward corrective channel in place since the November Fed meeting. 38% retracement on the autumn 2023 downleg is located at 4.25%. ....

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Czechia to collect significantly less windfall tax than expected

Czechia to collect significantly less windfall tax than expected
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