International Markets Update

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• June proved to be a more favorable month for the US as the economy managed to reverse some of the negative number released in May. Among the po.....

Executive Summary

• June proved to be a more favorable month for the US as the economy managed to reverse some of the negative number released in May. Among the positive numbers released this month, employment figures proved that the US economy was on the right track to a recovery. A growth in US retail sales in June also aided in the market’s rise for the month. • Industrial production in the 17 countries using the Euro fell 0.3% MoM, following a revised 0.5% increase in April. Euro-zone unemployment is at a record high and consumer prices are being driven upward by volatile energy and food prices. The Euro-zones trade surplus widened in May from a year earlier, driven mainly by falling imports rather than export growth. • Japanese exports rose 7.4% in June from a year earlier, up for the fourth straight month, helped by a softer Yen and a pickup in overseas demand. • Negative economic figures from China dominated Emerging Markets’ news this month as the Asian giant continued its struggle to find its footing in the latest round of global economic woes.

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International Markets Update

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