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US economic growth disappoints again in Q2 – Wells Fargo

Research Team at Wells Fargo Securities, notes that the US GDP growth expanded at a 1.2 percent pace in the second quarter with consumer spending serving as the key driver of overall economic activity.

Key Quotes

“Fed officials this week decided against a rate increase but signaled that improving economic conditions and greater labor market utilization will likely lead to a rate hike later this year.

Durable goods orders fell again in June implying that the headwinds facing the manufacturing sector are likely to continue in the months ahead.”

Commodities market: A mixed picture – Commerzbank

Eugen Weinberg, Research Analyst at Commerzbank, notes that the commodity prices are moving in different directions and while gold and platinum prices
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USD/RUB eyes 60.00 in 6-month – Danske Bank

Analysts at Danske Bank see the likeliness of the Russian currency to gather further steam in the next months. Key Quotes “Russia’s currency rallied
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