European equities following global indices lower

The European markets experienced a staunch decline Wednesday, with the three major indices in pullback mode following what was weak economic data earlier. Earlier today in the EMU, Gross Domestic Product s.a. (QoQ) fell -0.2% in Q1, matching expectations. Moreover, Gross Domestic Product s.a. (YoY) also shrunk -1.1% in Q1, missing estimates of -1.0%. Finally, Retail Sales (YoY) were reported at -1.1%, vs. expectations of -0.8%.
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USD/CAD flat around 1.0350

The USD is resuming its upside against the CAD on Wednesday, posting meagre gains around 1.0350 ahead of the ADP report due later in the US economy...
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