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Tuff-Stuff

05/31/10 6:29 AM

#321503 RE: Tuff-Stuff #321502

Euro area inflation rose to 1.6% from 1.5% in April, according to Eurostat's flash estimate. Meanwhile, the uptrend in eurozone consumer confidence came to a halt, falling 1.9%, but business sentiment edged higher. Eurozone lending to firms fell to its lowest level since June 2008, but household borrowing soared to a new record high.