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In overnight news, the Euro zone February consumer price index came in at up 8.5%, year-on-year, compared to up 8.6% in January and a forecast for up 8.2% in the February report. It’s apparent the European Central Bank still has more work to do to defeat high inflation in the Euro zone. U.S. economic data due for release Thursday includes the weekly jobless claims report, revised productivity and costs, and the monthly chain store sales index.
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