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ECB Holds Interest Rates & QE, Guidance Unchanged
Attachment 27823
The European Central Bank left its key interest rates and massive stimulus unchanged for an eleventh straight month on Thursday and also left the forward guidance intact, thus retaining the downward bias on asset purchases.
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Australia Consumer Prices Rise 0.2% In Q2
Attachment 27878
Consumer prices in Australia gained 0.2 percent on quarter in the second quarter of 2017, the Australian Bureau of Statistics said on Wednesday.
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U.S. Manufacturing Index Dips To 56.3 In July
Attachment 27965
Activity in the U.S. manufacturing sector saw continued growth in the month of July, according to a report released by the Institute for Supply Management on Tuesday, although the pace growth slowed.
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U.S. Consumer Prices Inch Up Less Than Expected In July
A report released by the Labor Department on Friday showed a modest uptick in consumer prices in the U.S. in the month of July. The Labor Department said its consumer price index inched up by 0.1 percent in July after coming in unchanged in June.
Attachment 28079
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IMF Raises China 2018-2020 Growth Outlook
The International Monetary Fund raised the growth outlook for China for the period between 2017 to 2021, but cautioned that the projected sharp increase in non-financial sector debt could hurt growth.
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UK GDP Grows Moderately Amid Weakest Household Spending Growth In 3 Years
The UK economy expanded moderately as estimated in the second quarter as household spending grew at the weakest pace in nearly three years amid rising prices. Gross domestic product increased 0.3 percent sequentially in the second quarter, unrevised from the preliminary estimate, the latest data from the Office for National Statistics showed Thursday.
Attachment 28212
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U.S. Construction Spending Unexpectedly Drops 0.6% In July
Partly reflecting a steep drop in spending on public construction, the Commerce Department released a report on Friday showing an unexpected decrease in U.S. construction spending in the month of July. The report said construction spending fell by 0.6 percent.
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Australia Trade Surplus Falls To A$460 Million
Australia had a seasonally adjusted merchandise trade surplus of A$460 million in July, the Australian Bureau of Statistics said on Thursday.
Attachment 28424
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OPEC And The Aftermath of Hurricane Harvey Could Drive Energy Prices Higher
OPEC is potentially extending production cuts, in an attempt to stabilize oil prices. Hurricane Harvey caused a stockpile of crude, and a lack of supply of natural gas. Traders are looking to see whether OPEC will be extending production cuts and how Harvey will affect the oil market fundamentally.
Attachment 28502
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ECB's Praet Says Not Yet Time For Tapering
The time has not yet come for the European Central Bank to start gradually winding down its massive monetary stimulus and the bank is being very careful with communicating its stance about the strong euro, ECB Chief Economist and Executive Board member Peter Praet said in an interview to the Belgian newspaper De Tijd, published on Saturday.
Attachment 28547
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