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Long Weekend In Japan

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Drops From Session Highs

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Japan Jun Exports +48.6% Y/Y; 4th Monthly Rise

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China Repo Rates Diverge on Wednesday

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German exporter optimism rose further in June, as industry is benefiting from the global catch-up after the covid crisis, the Ifo institute noted Friday.

Expectations rose to 26 in June, after rising to 22.5 in May, hitting the highest level since January 2011. Sentiment increased in almost all sectors except for the clothing industry where international sales are still forecast to decline. Following a dip last month, the automotive industry expects exports to pick up as well in June.

Source: Ifo Institute