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***Below gives levels of key markets.......>

SNAPSHOT
SNAPSHOT: ***Below gives levels of key markets ahead of London session:
- Xetra-DAX called down 19pts at the open
- FTSE-100 called up 7pts
- Dow called up 21pts
- US 10-year note yield trades down 0.7bp to 2.28%
- Bunds called up 25 ticks to 162.03
- Spot euro-dollar is up 0.11 cents, currently at $1.1745
- Spot dollar-yen up 0.18 pips, currently at Y111
- Brent crude oil rises 0.16 cents, currently at $50.81
- Spot gold rises 3.42 dollars, currently at $1263.95
* FOMC TWEAK INFLATION LANGUAGE, SEEN AS DOVISH
* FED GOV NOMINEE QUARLES: CAN REFINE POST-CRISIS BANKING REGS
* AUSTRALIA Q2 EXPORT PRICE INDEX -5.7% Q/Q; MNI MEDIAN -5.5% 
* CHINA INDUSTRIAL PROFITS +19.1% Y/Y JUN VS +16.7% MAY: NBS
* BRAZIL CUTS BMK SELIC RATE 100BP TO 9.25%
* SOUTH KOREA Q2 GDP +0.6%Q/Q, IN LINE WITH EXPECTATIONS

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