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  • Article / 2 hours ago

    FX Update: Pivotal week for GBP and USD

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: Pivotal week for GBP and USD
    This week sees an unprecedented Bank of England meeting and Inflation Report two-for on Thursday. And Friday’s reaction to US employment cost data shows how volatile this week may prove for the greenback as the market times the first Fed rate hike.
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  • Article / 3 hours ago

    Morning Markets: US data bonanza

    Deputy Editor / TradingFloor.com
    Denmark
    Morning Markets: US data bonanza
    Financial markets are getting off to a sluggish start to the week and most major currency currency pairs are treading water ahead of a flood of key economic data releases in the days ahead. Friday's shockingly weak ECI figures which showed the lowest wage growth in the US for decades put a dimmer on hopes of an imminent interest rate rise and in consequence, all tier-1 releases between now and the next Federal Reserve policy meeting will be tracked with heightened scrutiny.
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  • Article / 5 hours ago

    3 Numbers: Spain PMI offers clues for EZ growth; US income, US ISM

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: Spain PMI offers clues for EZ growth; US income, US ISM
    Several manufacturing PMI reports will be released today. Spain's PMI is particularly interesting, as it may provide clues on how Eurozone economic momentum is holding up at the start of Q3. Meanwhile, the US is on track to deliver a relatively tepid gain of 0.2% for July's personal income and spending, while a slight decline is expected for the US ISM Manufacturing Index.
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  • Editor’s Picks / 7 hours ago

    Indian investors watch for signs of next rally

    Nikkei Asian Review
    Share prices surged in India after Prime Minister Narendra Modi took office in May last year. However they stagnated in the April-June quarter. Overseas events such as the Greek crisis and China's stockmarket tumble had only a limited impact on India. The benchmark Sensex index went back up above 28,000 in July. India's market is doing well compared with those in other emerging economies. Analysts think the Sensex will hit 30,000 or even 33,500 later this year as Modi's government implements reforms. Market participants hope that heavy rainfall will boost the economy and stocks.
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  • Editor’s Picks / 8 hours ago

    Ireland could sleepwalk into its next crash

    Irish Independent
    Serial under-achievement best describes Ireland's progress since 1970. Ireland's performance for four of the past five decades has been mediocre at best. The Celtic Tiger years were an exception. Ireland has been unable to develop world-class domestic entrepreneurship for decades. Consider agriculture. The EU's Common Agricultural Policy has undermined the entrepreneurial vibrancy of Irish agriculture and food processing. The result is an over-reliance on commodity production, at the expense of innovation. Meanwhile Ireland's attraction to multinationals has been its long-standing favourable taxation regime. But in future, as tax rates fall, this attractiveness will be seriously threatened.
    Read article on Irish Independent
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  • Editor’s Picks / 9 hours ago

    Pressure on China's economy to persist: PBoC

    South China Morning Post
    Downward pressure on the Chinese economy will persist in the second half of the year as growth in infrastructure spending and exports is unlikely to pick up, a senior central bank official said. Mainland companies are not optimistic about business prospects according to the central bank's second-quarter survey, said Sheng Songcheng, the director of the statistics division of the People's Bank of China. Pressured by uneven domestic and export demand, cooling investment and factory overcapacity, economic growth is expected to slow to around 7% on the mainland this year, the lowest in a quarter of a century, from 7.4% last year.
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