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At home, markets will be hoping for some positive economic data after yesterday’s disappointing jobless claims data. Due this morning are the Empire State Index for June, May’s industrial production and capacity utilisation data, and the latest UMich consumer sentiment index, but these relatively minor data are likely to be overshadowed by developments (if any) in Europe.
In London trading this morning, U.K. banks and oil shares were lifted strongly by Bank of England Governor Mervyn King’s announcement last night that two new stimulus measures would be introduced, ... Continue to read.
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