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EUROZONE T-BILL ISSUANCE

Bill Supply For W/C Aug 2, 2021

UK

Timeline of key events (Times BST)

EUROZONE

Timeline of key events (Times BST)

US TSYS

Off Lows On Chinese Growth Questions

AUSSIE BONDS

YM Given

EUROZONE DATA
EUROZONE DATA: Preliminary Flash GDP (Q3 2019)
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- Eurozone growth came in at 0.2% in Q3, in line with Q2, and outpacing markets
looking for a decline to 0.1%. 
- This leaves the y/y rate at 1.1% (down from 1.2%), its lowest since Dec 2013 
- The prel. flash release does not include a breakdown by component or country 
- However, consumer spending is likely to have made another positive
contribution as UE has remained at low levels and household real income
continues to rise. 
- Meanwhile, the persisting slowdown in the manufacturing industry is impacting
the service sector activity. 
- Fwd-looking survey evidence signals a stagnation of the Eurozone economy with
Oct's flash composite PMI registering only a touch above the 50-no-change mark
for two months straight. 
- As a result, the outlook remains bleak, with both soft and hard data showing
no signs of a turnaround in the near term.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com