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3 Numbers: US growth in Q2 looks promising, but can it be sustained?
Today’s data calendar has plenty to offer. Euro area’s flash inflation data and the first estimate of the GDP growth rate in the second quarter for both the Eurozone and the US are the most important releases. Also Britain's monetary aggregates for June are interesting, because of the Brexit referendum. There are two big events today. The first is the policy meeting of the Bank of Japan and how investors react to it. As yen crosses tend to move hand-in-hand with the stock markets (a weaker yen is good for stocks), this could dominate the beginning of the European trading session. The second is the European ... (full story)