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JPMorgan on today`s Retail Sales data:......>

US DATA
US DATA: JPMorgan on today`s Retail Sales data: "This removes the downside risk
to our 1.25% estimate of Q2 real GDP growth; domestic final sales growth should
be north of 3%. As long as the labor market remains healthy - which appears to
be the case - then consumer spending should be well-insulated from the global
uncertainties which are restraining capital spending. We continue to look for
consumer spending to grow faster than overall GDP growth in the second half."

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