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Consumer price pressures in Germany slowed unexpected at the start of the year amid a sharp slowdown in food inflation, offering some relief for the European Central Bank that lowered interest rates a day earlier and plan to continue easing to boost the single currency economy that came to a standstill in the final three months of 2024.

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The Reserve Bank of India on Monday announced several measures that are set to inject over INR 1 trillion liquidity into the banking system, a move many observers interpreted as paving the way for policy easing next week. The central bank said it will purchase government securities worth INR 600 billion through open market operations purchase auctions.

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The private sector in Singapore continued to expand in December, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a PMI score of 51.1.

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After reporting a sharp pullback by new home sales in the U.S. in the previous month, the Commerce Department released a report on Monday showing a significant rebound by new home sales in the month of November. The Commerce Department said new home sales surged by 5.9 percent to an annual rate of 664,000 in November after plunging by 14.8 percent to a revised rate of 627,000 in October.

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Germany's factory orders declined at a faster-than-expected pace in August. Incoming new orders contracted 5.8 percent on a monthly basis in August, reversing July's upwardly revised 3.9 percent expansion. Orders were expected to fall 1.9 percent. Further, this was the steepest decline since January. Excluding large orders, new orders dropped 3.4 percent from July.

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