The German government was criticised for what was seen to be a muted reaction.
The precious metals markets showed muted reaction to a heavy slate of U.S. economic data released Wednesday.
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Just as remarkable to some observers was the muted reaction in Pakistan to the debunking of a national icon.
The muted reaction of European markets in recent sessions is evidence that the whisper numbers are benign and unfortunately, that leaves the potential for downside pressure should those tests unexpectedly reveal serious problems.
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There was a muted reaction to the governor's comments on the stock markets, with the FTSE 100 - which lists the leading 100 companies traded on the London Stock Exchange - rising by 0.3%.
Mutual funds have seen a muted reaction by investors in the wake of the weekend's tumultuous events on Wall Street, as investors eschewed panic Monday and instead appeared to take the turmoil in stride.
The relatively muted reaction in Honduras to the May 11 incident in the country's Mosquitia region, reveals much about the Central American country's relationship with the United States and the dire security situation it faces, experts said.
While a smooth press conference and an FOMC statement in line with expectations would probably lead to a muted market reaction, other, much more eventful outcomes are a possible.
During WWII itself, when irrefutable intelligence came in about widespread killings, involving thousands of victims, that were taking place throughout Poland, the Soviet Union and elsewhere, Allied reaction was muted.
Market reaction was muted, with equities and Treasuries behaving much on the same way, after the release of the first minutes from an FOMC meeting with three dissenters since 1992.
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But market reaction was muted.
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Reaction also was muted by the distractions of Ramadan and a new Bali terror bombing.
However, as a Socialist government embarks on the same course, the reaction is more muted.
Market reaction was initially muted, but on Thursday the Dow woke up and hit a two-year high.
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If our reaction is so muted, how long will it take for either format to catch on with the general public?
On the sun-baked streets of Cairo, the reaction has been muted.
But market reaction was surprisingly muted.
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So you can see why the financial market reaction has been pretty muted.
The reaction on Wall Street was muted more of a dull buzz than a victory cry.
The reaction in France was more muted, perhaps because the agreement carefully avoids any of the visionary language about European architectures that excites French imaginations, but which many British Conservatives, such as the defence secretary, Liam Fox, viscerally loathe.
The reaction from the public has been muted as people are used to seeing their prime ministers technically resign as a trick to reform shaky coalitions, our correspondent says.
Market reaction to the FOMC statement was relatively muted, with all three major U.S. equity indexes staying in negative territory.
The reaction in Asia was likely to be muted given that markets in Hong Kong, Japan and South Korea were closed for holidays.
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However, the main equity indexes' reaction to Moody's move was fairly muted with many traders saying the move was expected.
"The market reaction to the Greek deal has been fairly muted because it was expected, it was more or less a done deal, " said Yoji Takeda, head of Asian equities for RBC Global Asset Management in Hong Kong.
The row over plans to cut the number of MPs from Wales by a quarter is as predictable as night following day, although the reaction to the new boundaries is rather more muted than some past predictions that the new map would destroy civilisation as we know it (I paraphrase).
The reaction of the tobacco companies has also been suspiciously muted.
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Asian stock markets ended mixed Tuesday as reaction to European approval for new aid to Greece was muted by its having been widely anticipated, though some positive earnings reports lifted the Sydney market.
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