International Market Updates

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The US economy rebounded more strongly than initially thought in Q2 and GDP expanded than earlier reports reflecting upward revisions to business .....

Executive Summary


  • The US economy rebounded more strongly than initially thought in Q2 and GDP expanded than earlier reports reflecting upward revisions to business spending and exports.

  • US consumer confidence rose in August to its highest level since October 2007 on improved feelings about the current state of the economy.

  • Eurozones economy unexpectedly stalled in Q2 dragged down by shrinking the business growth in Germany and stagnant French data embracing for impact of sanctions against Russia.

  • Economic sentiment in the Eurozone worsened by more than expected in August and fell to its lowest level in eight months.

  • Japanese exports showed a surprise rise in July, reigniting hopes of growth.

  • Chinas industrial production and retail sales figures were also higher in July from one year ago but the pace of expansion has slowed.

  • Brazil made its second multi-billion dollar injection into the banking system within a month.

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International Market Updates

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