International Markets Update

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1. Equities rebounded strongly in July from their Brexit sell-off, with Japan’s Topix up 7.1%, followed by the NASDAQ Composite at 6.6%.  .....

Summary

1. Equities rebounded strongly in July from their Brexit sell-off, with Japan’s Topix up 7.1%, followed by the NASDAQ Composite at 6.6%. 
2. The US economy expanded at a significantly weaker pace than expected during the second quarter. 
3. The Eurozone economy cooled in the second quarter, in line with expectations, as the overall growth rate was dragged down by stagnation in France. 
4. The Bank of England wrong-footed investors by keeping interest rates on hold but held out the prospect of a stimulus package soon. 
5. The BoJ unleashed some stimulus measures but elected to maintain its negative interest rate at the level introduced in January and kept the scope of its quantitative easing program on hold. 
6. China's economy expanded slightly faster than expected in the second quarter but private investment growth shrank to a record low.

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International Markets Update

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