tive 0.021% (Germany 10yr yield 1.25%) India industrial output +2.4% in May y/y versus estimate +1.8% (SENSEX -1.67% on INFO IN) Cartier (owned by Richemont) sees slowdown in demand for high-end watches in China (WSJ<http://professional.wsj.com/article/TPDJI0000020120711e87b000yc.html>) Luxury: Cho Tai