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Germany’s September imports rose 4.2% month over month, far exceeding the 0.5% consensus estimate and accelerating from 0.9% growth in the prior month, according to First Squawk. The stronger-than-expected import reading points to firmer domestic demand in Europe’s largest economy and may complicate the outlook for near-term ECB easing. Traders will watch upcoming German industrial production, export figures and euro-area inflation data to gauge whether the import surge reflects durable demand or one-off stockpiling.

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