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Global Markets Focus On US Growth Data

LATAM
  • The national read for German CPI is upcoming, with regional figures so far suggesting an uptick in inflationary pressures. EU-harmonized figures will be confirmed at 1300BST/0800ET.
  • Focus will then turn to the Q2 advance GDP reading from the US which, if it comes in negative, would confirm two quarters of negative growth to confirm what some would define as a recession. Nonetheless, median looks for a +0.5% read today.

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