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  • The US has a quiet day in terms of data releases, with investors likely to be distracted by the prospect of the Federal Reserve meeting (Tuesday and Wednesday). It is not quantitative policy that is of interest (being on automatic pilot), but noise around monetary policy.
  • The Euro area has minor data releases, but Russian concerns are likely to weigh with some investors. The US has suggested there is evidence of direct Russian involvement in the Ukraine, which may influence the debate in the EU about escalating sanctions.
  • UK house prices from the Land Registry are due. Recently the data has shown house prices growing faster than the nominal economy, which may begin to influence Bank of England thinking on interest rate moves.
  • The Nikkei have (another) survey putting Japanese Prime Minister Abe's approval rating below 50%. Although the factors behind this are complex and not just economic, there are economic consequences a Abenomics is heavily dependent on confidence and belief in government policy.

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