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Financial Focus

WEDNESDAY’S HEADLINES:

· Moody’s warn that the UK’s top rating is stable but not safe

· US Fed announces tougher risk management rules

· German business confidence unexpectedly higher

· US building, jobless and payrolls data all positive

· Spanish debt auction reduces Eurozone fears

· Overnight markets up, Europe set to follow

· Euro up for the second day

· Oil continues to rise on signs of economic recovery

· Corn prices fall as rains look set to help crops

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