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UK Car Production Ramps up in July

Data from the auto sector revealed that car production in Britain increased strongly in July, but is still below the level of last year, after manufacturing almost completely stopped in April at the start of isolation measures to combat the Corona virus. The Association of Automobile Manufacturers and Dealers said …

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US: Real GDP Contracts by 31.7% in Q2

The United States’ Real Gross Domestic Product (GDP) contracted at an annual rate of 31.7% in the second quarter, the US Bureau of Economic Analysis’ second estimate showed on Thursday. This reading came in better than the advance estimate of 32.9% and the market expectation of 32.5%.

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European Stocks Falling Down, Focus on Powell

European stocks fell during early trading on Thursday, as investors awaited US Federal Reserve Chairman Jerome Powell’s speech for new clues about the path of monetary policy. The Stoxx 600 index currently fell by 0.43% to 371.5 points, while “FTSE” fell by 0.42% to 6,019.82 points. The German DAX index …

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