Market movers ahead
Global update
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- With a bit of luck, new data should confirm that the recession in the eurozone ended in Q2 13.
- US retail sales, housing market data and consumer confidence should point to improvement.
- We expect strong GDP growth data from Japan but slowing credit growth in China.
- Summer sales and volatile holiday prices make inflation numbers in Denmark and Sweden extra uncertain.
Global update
- No major surprises or market fluctuations over the past week.
- Fears of pronounced slowdown in China have subsided.
- US indicators pointing to stronger GDP growth.
- More signs that eurozone economies are moving from recession to slow growth.
- Market interest rates have increased on forward guidance from the Bank of England.
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